Loading…
ING says the US midterm results are unlikely to cause structural shifts in FX, though the dollar may face short-term pressure if Democrats win both the House and Senate. The bank notes a dovish RBA hike has weighed on the Australian dollar.
A Democratic sweep could ease some dollar strength in the short term, which would affect dollar-denominated grain and meal prices and import costs for buyers in dollar-linked currencies. The effect is expected to be brief since the Fed remains the main driver.
think.ing.comFrancesco Pesole, Frantisek Taborsky, Chris TurnerNov 3, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
