# [FX] Won Weakens Further on Strong US Jobs Data, Midterm Election Jitters

> The dollar-won rate rose to the mid-1,340 won range in Seoul on November 4 after stronger-than-expected US job openings data for September (7.523 million vs. 7.1 million consensus). US Treasury yields rose and the dollar strengthened, while foreign investors were net buyers in currency futures.

- Date: 2026-11-04 · published 2026-11-04T15:09:29.157Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/79927-fx-won-weakens-further-on-strong-us-jobs-data-midterm-election-jitters
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US rate-hike expectations and a firmer dollar raise the cost of dollar-denominated feed imports for South Korean buyers and tend to pressure dollar-priced grain and meal values in local terms.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-10-31 | [Rand weakens against stronger dollar; focus on mid-term budget - Moneyweb](https://feedsoft.ai/events/33915-rand-weakens-against-stronger-dollar-focus-on-mid-term-budget-moneyweb.md) | -1.4% | -2.9% |
| DXY | 2021-06-30 | [Rupee weakens further amid strong dollar, rising oil prices - Daijiworld.com](https://feedsoft.ai/events/46886-rupee-weakens-further-amid-strong-dollar-rising-oil-prices-daijiworld-com.md) | +0.8% | +0.8% |
| DXY | 2017-08-31 | [Dollar Gains On Bets ECB Could Weaken Euro, Strong U.S. Data - Babypips.com](https://feedsoft.ai/events/69665-dollar-gains-on-bets-ecb-could-weaken-euro-strong-u-s-data-babypips-com.md) | -1.4% | +0.8% |
| DXY | 2026-09-29 | [Euro Weakens Further to Over One-Year Low](https://feedsoft.ai/events/17696-euro-weakens-further-to-over-one-year-low.md) | +0.5% | +0.8% |

## Sources

- en.infomaxai.com: https://en.infomaxai.com/news/articleView.html?idxno=146835

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