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The Korean won weakened to 1,483.3 per dollar on April 30, down from 1,488.5 the day before, as oil prices jumped and Brent briefly hit $119.76 a barrel. The Federal Reserve also warned that the Middle East conflict is raising inflation, which reduced expectations of US rate cuts.
Higher oil raises South Korea's energy import bill and dollar demand, and a firmer dollar tightens financial conditions for energy-importing feed buyers. Crude strength also supports biofuel-linked and energy-linked commodity prices.
ajupress.comSooyoung JangApr 30, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
