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The one-month won-dollar NDF ended at 1,340.2/1,340.6, implying a 5.8-won decline from the prior spot close. The move followed President Donald Trump’s remarks that a renewed attack on Iran might not be necessary, which sent WTI down 4.38% to $86.85 per barrel and weakened the dollar.
Lower oil prices can ease energy and freight costs for feed buyers, while a lower won-dollar rate reduces the local cost of dollar-priced imports. The reported currency and oil moves were tied to changing expectations about the Iran conflict.
etoday.co.krNov 9, 2026After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% 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.
