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South Korea's foreign exchange reserves fell $3.2 billion in November to $372 billion, the second monthly decline and the largest since July 2015. The drop was driven by dollar strength after Trump's election and expectations of a Fed rate hike.
Analysts expect the won could fall to 1,300 per dollar next year.
Reserve depletion and expected won weakness signal pressure on Korean import capacity and currency, which raises the local cost of dollar-priced feed imports.
koreajoongangdaily.comNEWSISDec 5, 2016Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
