# Won Edges Higher on Bargain Hunting - Export Strength Caps Upside

> The dollar-won rate traded at 1,334.60 won in early Seoul trading on November 2, slightly above the prior close, as bargain buying met expected export-related dollar selling. Korea's October exports rose 93.7% year on year to $115.28 billion, and the dollar index fell for a third straight session after US tech stocks sold off.

- Date: 2026-11-02 · published 2026-11-02T21:11:48.855Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/75918-won-edges-higher-on-bargain-hunting-export-strength-caps-upside
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer won lowers the won cost of dollar-priced feed imports such as corn, soybean meal and fishmeal, which slightly eases local feed-buyer costs. The move is small and driven mainly by FX flows rather than grain supply.

## Read by commodity

- DXY: bearish ▼
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | +0.2% | +1.6% |
| DXY | 2017-04-17 | [Baht expected to strengthen to 21-month high](https://feedsoft.ai/events/71749-baht-expected-to-strengthen-to-21-month-high.md) | +0.2% | +0.2% |
| DXY | 2018-01-31 | [Rand edges higher; eyes on Zuma’s fate - Moneyweb](https://feedsoft.ai/events/67271-rand-edges-higher-eyes-on-zuma-s-fate-moneyweb.md) | +0.4% | +1.2% |
| DXY | 2025-09-29 | [AUD/USD edges higher ahead of RBA meeting amid softer Greenback](https://feedsoft.ai/events/23138-aud-usd-edges-higher-ahead-of-rba-meeting-amid-softer-greenback.md) | -0.3% | +0.3% |
| DXY | 2025-05-30 | [Ringgit strengthens against US$, court pauses block on Trump-era tariffs » The Capital Post](https://feedsoft.ai/events/24946-ringgit-strengthens-against-us-court-pauses-block-on-trump-era-tariffs-the.md) | -0.5% | -1.6% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146416

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.