Loading…
South Korea's export prices rose 4.1 percent in November from October, helped by a 3.2 percent weaker won against the dollar. Import prices in local currency rose 2.4 percent month on month, as currency weakness outweighed lower oil prices.
Dubai crude averaged $43.90 a barrel in November, down from $48.97.
The weaker won lifts the local-currency cost of imported feed ingredients and energy, while lower Dubai crude partly offsets the rise in input costs.
koreaherald.comDec 14, 2016Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
