Loading…
The dollar-won rate fell to about 1,341.40 won in Seoul trading on November 3, down 2.40 won from the prior close, as foreigners sold dollar futures. Market participants also expected dollar selling from the conversion of Nvidia's $1 billion investment in Naver, with payment scheduled for November 6.
A stronger won makes dollar-priced feed imports cheaper for South Korean buyers, which eases their landed costs for grain and meal. The effect on global feed prices is minimal.
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.