# Dollar-Won Hovers in Early 1,340s Amid US Election Jitters

> The Korean won traded around 1,342.60 per dollar in Seoul on November 3, down 1.20 won, as investors waited for US midterm results. WTI crude plunged 7.63% to $96.46 the previous day on US-Iran negotiation hopes, and foreigners net sold 360 billion won of stocks.

- Date: 2026-11-03 · published 2026-11-03T15:38:12.133Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/78011-dollar-won-hovers-in-early-1-340s-amid-us-election-jitters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices and a weaker dollar ease pressure on import-dependent Korean currency, while midterm uncertainty keeps FX volatile. For feed buyers, a softer dollar and lower energy costs can modestly support import pricing for feed ingredients priced in dollars.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2025-11-28 | [OPEC+ confirms plan to pause production hikes in early 2026 amid surplus concerns](https://feedsoft.ai/events/21874-opec-confirms-plan-to-pause-production-hikes-in-early-2026-amid-surplus-concerns.md) | +1.7% | -3.6% |
| WTI | 2020-01-31 | [Pound-Canadian Dollar Rally Endures as GDP Growth Beat Overlooked amid Virus Fears](https://feedsoft.ai/events/55306-pound-canadian-dollar-rally-endures-as-gdp-growth-beat-overlooked-amid-virus.md) | -2.4% | -14.1% |
| WTI | 2021-03-19 | [Oil battered in ugly week as demand concerns, dollar spur slump](https://feedsoft.ai/events/7045-oil-battered-in-ugly-week-as-demand-concerns-dollar-spur-slump.md) | -2.4% | +5.3% |
| WTI | 2017-08-31 | [Dollar Maintaining Data Inspired Gains, Yen Broadly Lower as Risk Aversion Eased - ActionForex](https://feedsoft.ai/events/69643-dollar-maintaining-data-inspired-gains-yen-broadly-lower-as-risk-aversion-eased.md) | +6.8% | +12.3% |
| DXY | 2020-11-03 | [Latam FX, stocks rally as dollar dogged by election jitters](https://feedsoft.ai/events/50344-latam-fx-stocks-rally-as-dollar-dogged-by-election-jitters.md) | -1.8% | -3.6% |
| DXY | 2025-06-27 | [Dollar hovers near 3-1/2-year low with market focus on US rate cuts, euro area inflation](https://feedsoft.ai/events/24439-dollar-hovers-near-3-1-2-year-low-with-market-focus-on-us-rate-cuts-euro-area.md) | -0.3% | +0.3% |
| DXY | 2025-11-06 | [Dollar weakens amid soft labor US data \| Reuters](https://feedsoft.ai/events/22157-dollar-weakens-amid-soft-labor-us-data-reuters.md) | -0.9% | -1.0% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146637

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