
U.S. nonfarm payrolls rose by 165,000 in October, well above the 59,000 forecast, and unemployment fell to 4.1%. The stronger-than-expected report boosted expectations of further Federal Reserve tightening, strengthening the dollar and pushing the won-dollar rate into the 1,360-won range.
A stronger dollar can raise the cost of dollar-priced feed imports for Korean buyers. Higher expected U.S. rates supported the dollar and weighed on the won.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.