# US Midterm Caution Keeps Dollar-Won in Mid-1,340s

> The won-dollar rate held in the mid-1,340s as traders awaited US midterm election results. A strong US jobs report and rising Treasury yields supported the dollar, while tech stocks rebounded and oil fell on hopes of a US-Iran diplomatic solution.

- Date: 2026-11-03 · published 2026-11-04T00:13:04.049Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/78604-us-midterm-caution-keeps-dollar-won-in-mid-1-340s
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker won raises the local-currency cost of imported feed ingredients such as soybean meal and corn, adding to Korean buyers' costs. Lower oil prices ease energy and freight pressure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-01 | [Dollar recovers as G20 caution sets in](https://feedsoft.ai/events/62247-dollar-recovers-as-g20-caution-sets-in.md) | +0.2% | -0.6% |
| DXY | 2022-10-01 | [Korean Won Slides Most in Three Months as Dollar Jumps on US CPI](https://feedsoft.ai/events/39826-korean-won-slides-most-in-three-months-as-dollar-jumps-on-us-cpi.md) | -0.2% | +0.1% |
| DXY | 2025-04-15 | [Dollar gains on euro, yen, but tariffs keep investors cautious \| Reuters](https://feedsoft.ai/events/7251-dollar-gains-on-euro-yen-but-tariffs-keep-investors-cautious-reuters.md) | -1.1% | -0.1% |
| DXY | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.5% | +0.8% |
| DXY | 2024-12-13 | [Dollar set for best week in a month on cautious Fed outlook for 2025](https://feedsoft.ai/events/27205-dollar-set-for-best-week-in-a-month-on-cautious-fed-outlook-for-2025.md) | +1.3% | +2.4% |
| WTI | 2024-05-23 | [USD: Fed minutes boost the dollar \| IG International](https://feedsoft.ai/events/30147-usd-fed-minutes-boost-the-dollar-ig-international.md) | -0.0% | +3.5% |
| WTI | 2025-11-19 | [Canadian dollar falls the most in four months after key US data cancelled \| Reuters](https://feedsoft.ai/events/22180-canadian-dollar-falls-the-most-in-four-months-after-key-us-data-cancelled.md) | -5.1% | -8.5% |
| 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% |

## Sources

- kbthink.com: https://kbthink.com/news-list/view.html?newsId=20261104072344236

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