
The won-dollar reference rate closed at 1,343.8 won on November 2, up 9.5 won from the same time the previous day and the highest since mid-October. Analysts attributed the move to fewer exporter dollar sales, foreign investors remitting stock sale proceeds, and National Pension Service overseas investment.
A weaker won raises the local-currency cost of dollar-priced feed imports, which matters for Korean buyers of corn, soybean meal and other feed ingredients. The move reflects capital flows rather than a change in feed supply.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.