# Blue wave was expected to strengthen the won, but stock-market plunge sent the exchange rate higher again

> After Democrats won control of both chambers in the U.S. midterm elections, the won weakened as concerns about AI investment and foreign selling of South Korean equities outweighed expectations of a stronger won. Analysts saw a near-term USD/KRW ceiling of 1,370–1,380 and said the rate could fall again if foreign selling eases.

- Date: 2026-11-09 · published 2026-11-09T09:11:02.083Z
- Category: macro · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/89169-blue-wave-was-expected-to-strengthen-the-won-but-stock-market-plunge-sent-the
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Foreign equity outflows increase demand for dollars and push USD/KRW higher, raising the won cost of dollar-priced feed imports. A pause in those outflows and renewed exporter dollar sales could reverse the pressure.

## Read by commodity

- USDKRW: bullish ▲

## Sources

- etoday.co.kr: https://www.etoday.co.kr/news/view/2645861

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