# Exchange Rate Fluctuates in 1340s Amid Risk Aversion, Supported by Real Demand

> 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.

- Date: 2026-11-03 · published 2026-11-03T00:42:48.821Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/76753-exchange-rate-fluctuates-in-1340s-amid-risk-aversion-supported-by-real-demand
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-01-30 | [Risk aversion weighs on Canadian dollar ahead of Fed rate decision - The Globe and Mail](https://feedsoft.ai/events/38035-risk-aversion-weighs-on-canadian-dollar-ahead-of-fed-rate-decision-the-globe.md) | -7.9% | -5.2% |
| WTI | 2022-08-30 | [Oil dives nearly $6 a barrel on demand fears, Iraq exports \| Reuters](https://feedsoft.ai/events/40224-oil-dives-nearly-6-a-barrel-on-demand-fears-iraq-exports-reuters.md) | -10.4% | -19.0% |
| WTI | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.5% | -8.0% |
| WTI | 2020-04-28 | [2020-2022 Exchange Rate Forecasts: Pound-Dollar And Euro-Pound To Rise As USD Losses To Prevail](https://feedsoft.ai/events/53874-2020-2022-exchange-rate-forecasts-pound-dollar-and-euro-pound-to-rise-as-usd.md) | +65.3% | +179.6% |
| WTI | 2026-09-21 | [Canadian dollar under pressure as oil retreats and US rate outlook supports greenb By Investing.com](https://feedsoft.ai/events/17703-canadian-dollar-under-pressure-as-oil-retreats-and-us-rate-outlook-supports.md) | -12.0% | -4.2% |
| BRENT | 2022-08-30 | [Oil dives nearly $6 a barrel on demand fears, Iraq exports \| Reuters](https://feedsoft.ai/events/40224-oil-dives-nearly-6-a-barrel-on-demand-fears-iraq-exports-reuters.md) | -9.2% | -19.2% |
| BRENT | 2022-06-23 | [Oil prices slump as investors fear Fed rate hikes will hurt demand \| Reuters](https://feedsoft.ai/events/41110-oil-prices-slump-as-investors-fear-fed-rate-hikes-will-hurt-demand-reuters.md) | +4.3% | -2.0% |
| BRENT | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +0.6% | +4.4% |

## Sources

- ajunews.com: https://www.ajunews.com/view/20261103091432191
- ajupress.com: https://www.ajupress.com/view/20261103093270266

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