
The won-dollar rate traded at 1,340.6 won at 9 a.m. on November 5, down 0.9 won from the prior close. Democrats' midterm victory raised expectations of tighter rules on AI data centers and slower expansion.
The Philadelphia Semiconductor Index fell 3.1% to a six-month low while the Dow rose 3.03%.
Expectations of slower AI investment are easing upward pressure on US long-term yields, which is weakening the dollar. The effect on feed ingredient prices is indirect and small.
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.