
The won-dollar rate traded around 1,342.8 won per dollar in Seoul on November 3, up 2.2 won from the prior close. Brent and WTI futures fell about 7% after speculation about US-Iran negotiations, and the dollar index fell for a fourth straight day.
Oil's sharp drop on Iran talk hopes reduces near-term energy cost pressure for feed and fertilizer, while a weaker dollar generally supports dollar-priced grain and oilseed demand from Asian buyers.
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.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.