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The dollar-won rate rose to 1,346.00 won on the morning of November 3, up 11.70 won from the previous day, and briefly touched 1,347.20 won. Foreign buying of dollars for currency hedging alongside stock purchases pushed the won lower, even as the dollar weakened and international oil prices fell on the possibility of resumed US-Iran talks.
A weaker won raises the local-currency cost of imported feed ingredients, which Korean buyers pay in dollars, even as lower crude prices ease energy and freight costs. The net effect is a modest upward pressure on feed import costs.
en.infomaxai.comSeon Mi JeongNov 3, 2026After 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.
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.
