The dollar-won rate jumped to the mid-1,340s on November 2, reaching a high of 1,347.20 won, as foreign investors bought more than 106,500 contracts of dollar futures. WTI fell more than 3.3% to around $100 a barrel after reports that Trump favoured diplomacy with Iran, while the KOSPI rose 3.03%.
Lower crude prices reduce expected energy and freight costs for feed commodities, while a weaker won raises the local-currency cost of imported feed. Both effects are modest in the near term.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.