
ING's Asia FX note says many Asian currencies have struggled over recent months amid higher energy prices, rising US rates, tech volatility and questionable policy choices. Local authorities are rolling out measures to attract foreign capital and support currencies.
The note forecasts USD/CNY near 6.76 with a 6-month view of 6.70 and says USD/KRW is expected to stay near 1,515 in the near term.
Currency moves shift the effective cost of dollar-priced feed imports for Asian buyers, and a firmer yuan can modestly support Chinese import demand for feed commodities.
Not 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.