# US Midterm Voting Begins; Korean Won/Dollar Seen Capped at 1,370 Won

> US midterm election voting began on November 3 (Korean time), with all 435 House seats and 35 Senate seats up for vote. Korean brokerages expect the won-dollar rate to trade in a range, with Meritz Securities projecting 1,310 to 1,370 won for the month, and say oil prices and the Fed's tightening path tied to the US-Iran war matter more than the election outcome.

- Date: 2026-11-03 · published 2026-11-04T01:05:39.082Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/78913-us-midterm-voting-begins-korean-won-dollar-seen-capped-at-1-370-won
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Analysts see limited direct effect of the midterms on the dollar, so the main price channel for feed inputs runs through oil and Fed policy; a weaker won would raise the local-currency cost of imported feed ingredients.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- USDKRW: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-07-28 | [Canadian dollar hits 2-week low as rate hikes ‘begin to bite’](https://feedsoft.ai/events/35272-canadian-dollar-hits-2-week-low-as-rate-hikes-begin-to-bite.md) | +1.8% | -1.0% |
| WTI | 2021-06-23 | [Ringgit opens higher at 4.1510 despite stronger US dollar \| Malay Mail](https://feedsoft.ai/events/46862-ringgit-opens-higher-at-4-1510-despite-stronger-us-dollar-malay-mail.md) | -0.0% | -3.9% |
| WTI | 2023-04-13 | [BIS - The Changing Nexus Between Commodity Prices And The Dollar: Causes And Implications](https://feedsoft.ai/events/36298-bis-the-changing-nexus-between-commodity-prices-and-the-dollar-causes-and.md) | -4.9% | -12.9% |
| WTI | 2024-12-21 | [Why is the Indian rupee falling against the US dollar? \| Explained News - The Indian Express](https://feedsoft.ai/events/27232-why-is-the-indian-rupee-falling-against-the-us-dollar-explained-news-the-indian.md) | +2.7% | +9.0% |
| WTI | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | -6.7% | -17.6% |
| BRENT | 2022-10-30 | [U.S. Dollar's Recovery Can Be Extended \| Investing.com](https://feedsoft.ai/events/39331-u-s-dollar-s-recovery-can-be-extended-investing-com.md) | +4.0% | -12.3% |
| BRENT | 2021-07-13 | [Ringgit opens slightly lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46331-ringgit-opens-slightly-lower-against-us-dollar-malay-mail.md) | -9.2% | -8.7% |
| BRENT | 2026-07-30 | [US Dollar: Warsh rhetoric weakens policy credibility – BBH](https://feedsoft.ai/events/8424-us-dollar-warsh-rhetoric-weakens-policy-credibility-bbh.md) | -9.2% | -3.9% |

## Sources

- jabon.co.kr: https://www.jabon.co.kr/news/articleView.html?idxno=8324

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