# Exchange Rate Remains in 1340s Amid U.S. Midterm Election Concerns

> The won-dollar rate in Seoul stood at 1,346.1 won per dollar at 9:14 a.m. on November 4, up from the prior day's close amid uncertainty over the U.S. midterm elections. The dollar index rose 0.06% to 101.87, and Brent and WTI for December delivery fell for a second day to $103.60 and $96.09 per barrel.

- Date: 2026-11-04 · published 2026-11-04T03:08:56.550Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/79013-exchange-rate-remains-in-1340s-amid-u-s-midterm-election-concerns
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger dollar and weaker won raise the local-currency cost of dollar-priced feed ingredient imports into Korea. Oil declines reflect easing supply fears, which are a minor offset for feed costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-01 | [Euro to US Dollar Exchange Rate Dips on Concerns Over the EU’s Slow Covid-19 Vaccine Rollout \| Euro Exchange Rate News This is](https://feedsoft.ai/events/11423-euro-to-us-dollar-exchange-rate-dips-on-concerns-over-the-eu-s-slow-covid-19.md) | +0.8% | +0.8% |
| DXY | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -0.9% | +1.0% |
| DXY | 2018-11-05 | [EURUSD retreats on ECB Italy and soft data ahead of US midterm elections](https://feedsoft.ai/events/62241-eurusd-retreats-on-ecb-italy-and-soft-data-ahead-of-us-midterm-elections.md) | +0.7% | +0.3% |
| DXY | 2024-02-20 | [Foreign exchange rate forecast to be under control in 2024](https://feedsoft.ai/events/31997-foreign-exchange-rate-forecast-to-be-under-control-in-2024.md) | -0.1% | -0.5% |
| DXY | 2024-12-23 | [Fed’s foreseen rate cuts affect foreign exchange rate](https://feedsoft.ai/events/27264-fed-s-foreseen-rate-cuts-affect-foreign-exchange-rate.md) | +0.7% | +0.3% |
| BRENT | 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) | +0.1% | -2.4% |
| BRENT | 2023-01-01 | [Why Indian rupee could remain rangebound in short term](https://feedsoft.ai/events/38495-why-indian-rupee-could-remain-rangebound-in-short-term.md) | -6.9% | +0.7% |
| BRENT | 2023-04-17 | [Drop in Diesel Demand Heightens Recession Concerns - TT](https://feedsoft.ai/events/36589-drop-in-diesel-demand-heightens-recession-concerns-tt.md) | -5.0% | -14.3% |

## Sources

- ajupress.com: https://www.ajupress.com/view/20261104093670215

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