The dollar-won rate fell to around 1,336.80 on November 4 after expectations grew that Democrats would win both houses of Congress. The dollar index slipped to about 101.2 and the dollar-yen rate to 157.60.
Foreign investors sold Korean stocks and dollar futures.
A weaker dollar and a firmer won lower the local-currency cost of US feed imports for Korea. Foreign selling of Korean equities points to risk-off sentiment, but the effect on feed prices is limited.
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.
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.