# Won Strengthens on US Midterms; Financial Holdings' Overseas Profits Face Translation Risk

> Democrats won control of both chambers of Congress in the November 3 US midterms, and expectations of a weaker dollar pushed the won stronger, with the dollar-won closing at 1,341.5 after touching 1,336.1 intraday. Analysts note that a stronger won reduces the won value of overseas earnings for Korean financial holding companies, whose nine-month net profit reached 19.6 trillion won.

- Date: 2026-11-05 · published 2026-11-05T12:08:41.614Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/81635-won-strengthens-on-us-midterms-financial-holdings-overseas-profits-face
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Expectations of a weaker dollar would lower the won cost of dollar-priced feed imports, a mild easing for Korean feed buyers. The effect on grain prices themselves is indirect.

## Read by commodity

- USDKRW: bearish ▼

## Sources

- biz.newdaily.co.kr: https://biz.newdaily.co.kr/site/data/html/2026/11/05/2026110500117.html

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