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USD/KRW traded near 1,158 on December 8 after South Korea's finance ministry said the economic recovery was sluggish due to weak production and investment. The won gained against the dollar on the comments, and the analyst notes a short-term correction within a bullish daily trend.
The ministry also flagged risks from domestic issues affecting consumption.
A firmer won slightly lowers the local-currency cost of dollar-priced feed imports, but the move is a short-term FX fluctuation with limited direct effect on feed prices.
econotimes.comFxWirePro TeamDec 8, 2016Not 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.
