# Dollar-Won Surges Alongside KOSPI on U.S.-Iran Diplomatic Hopes - 'Massive Futures Buying Like Last Week'

> The Korean won weakened to about 1,344 won per dollar as foreign investors bought more than 106,500 dollar futures contracts while the KOSPI rallied. Trump reportedly told Netanyahu he prefers a diplomatic solution to the Iran war, and December WTI fell more than 3% to near $100 per barrel.

- Date: 2026-11-02 · published 2026-11-03T00:09:49.491Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/76425-dollar-won-surges-alongside-kospi-on-u-s-iran-diplomatic-hopes-massive-futures
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower oil on Iran peace hopes eases energy input costs for feed and fertilizer, while a firmer dollar against Asian currencies can slightly weaken import demand for US feed commodities in dollar terms.

## Read by commodity

- WTI: bearish ▼
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-02-28 | [U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch](https://feedsoft.ai/events/7113-u-s-oil-futures-suffer-largest-weekly-percentage-loss-in-over-a-decade.md) | -2.6% | -61.0% |
| WTI | 2023-02-27 | [Oil futures slip 1% on worries about more U.S. interest rate hikes \| Reuters](https://feedsoft.ai/events/37486-oil-futures-slip-1-on-worries-about-more-u-s-interest-rate-hikes-reuters.md) | +4.5% | -9.2% |
| WTI | 2023-10-02 | [Oil tumbles 2% to 3-week low on strong dollar, profit taking](https://feedsoft.ai/events/7365-oil-tumbles-2-to-3-week-low-on-strong-dollar-profit-taking.md) | -8.8% | -5.4% |
| WTI | 2022-06-22 | [Rupee hits fresh all-time low vs dollar as US rate hike worries deepen \| News on Markets - Business Standard](https://feedsoft.ai/events/41217-rupee-hits-fresh-all-time-low-vs-dollar-as-us-rate-hike-worries-deepen-news-on.md) | +2.2% | -6.2% |
| WTI | 2018-11-08 | [Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail](https://feedsoft.ai/events/62276-canadian-dollar-hits-eight-week-low-as-u-s-fed-affirms-rate-hike-policy-the.md) | -8.9% | -16.5% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146471

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