# Dollar Weakens on US Midterm 'Blue Tsunami'; Won Seen Trying to Fall Below Mid-1,330s [FX Outlook]

> Analysts expect the won-dollar rate to trade between 1,335 and 1,348 on November 5 after Democrats took both chambers of Congress. They expect the dollar to weaken, oil prices to fall and chip-related export dollar sales to support the won, while foreign equity selling and real-demand dollar buying limit the decline. Concern that slower AI data center expansion could weigh on memory demand is also cited.

- Date: 2026-11-04 · published 2026-11-05T06:08:38.857Z
- Category: macro · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/81166-dollar-weakens-on-us-midterm-blue-tsunami-won-seen-trying-to-fall-below-mid-1
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

A stronger won would lower the local cost of dollar-priced feed imports, but the analysts' view that equity outflows could persist means the currency may stay volatile.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- etoday.co.kr: https://www.etoday.co.kr/news/view/2644327

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