The won-dollar rate opened at 1,338.50 and peaked at 1,342.00 on November 5 before easing to 1,340.50. Markets expect weaker Trump administration policy momentum after the Democratic sweep.
Strong current-account surpluses and exporter dollar selling capped the dollar's upside.
Record Korean current-account surpluses and exporter dollar supply limit how far the won can be pushed below the 1,340 level. This keeps the won-cost of dollar-priced feed imports relatively stable.
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.