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EUR/KRW traded near 1,238 on December 14 after South Korea's November unemployment fell to 3.6 percent and import and export price growth accelerated. Fitch affirmed that political institutions remain strong and still expects 2.5-3.0 percent GDP growth in 2017 and 2018.
The won weakened against major peers despite the labour data.
A weaker won against the euro and dollar raises the cost of imported feed for Korean buyers, though the story is a technical FX market note with no direct new supply or demand shock.
econotimes.comFxWirePro TeamDec 14, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
