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The won closed at 1,341.00 per dollar on November 3, down 2.80 won, as the KOSPI fell over 3% and foreigners sold about 66,400 dollar futures contracts. Conversion flows tied to a $1 billion Nvidia investment in Naver also weighed, and the PBOC raised the FX deposit reserve ratio from 4% to 6%, lifting offshore yuan.
Won weakness tied to equity outflows and offshore yuan moves signals regional currency pressure, while a higher PBOC reserve ratio tightens dollar liquidity in China. Currency swings in Asia can shift the cost of dollar-priced feed imports for Korean and Chinese buyers.
en.infomaxai.comJi Yeon KimNov 3, 2026
news.einfomax.co.kr김지연 기자Nov 3, 2026After 398 past bullish macro events, USDCNY moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.
