
The won-dollar rate closed up 0.5 won at 1,341.5 on November 4 as early vote counts showed Democrats gaining ground in the US midterm elections. The dollar index fell 0.187 to 101.539 and US Treasury yields eased, while foreign investors net sold about 2.5 trillion won of Korean stocks.
A Democratic congressional majority could limit fiscal expansion and ease Treasury yield pressure, weakening the dollar and supporting emerging-market currencies. For feed buyers, a softer dollar modestly lowers the local-currency cost of dollar-priced grain and meal imports into Korea.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.