iM Securities expects the won-dollar rate to trade in a range of 1,310 to 1,350 won this week. Korea recorded a $42.5 billion trade surplus in October, its second straight month above $40 billion, and the US midterm elections are on November 3.
The forecast range points to limited FX volatility, so feed import costs in won terms are unlikely to move sharply this week. A Democratic sweep could weaken the dollar, while renewed US strikes on Iran could strengthen it and lift oil prices.
Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.