
The Democratic Party won both chambers of Congress in the US midterm elections, pushing the dollar and US Treasury yields lower. The won-dollar rate opened at 1,344 won on Wednesday, fell to 1,336.1 and closed at 1,341.0.
Analysts expect limited won gains because of possible AI-regulation worries and foreign selling.
A weaker dollar and lower US yields make dollar-priced feed imports slightly cheaper in won terms for Korean buyers. Gains may be capped by foreign outflows from semiconductor stocks.
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.