Investing.com previews the US midterm elections, noting prediction markets favor a Democratic House and a roughly 70% chance of Senate control. It reports the dollar lost ground last week after Fed Chair Warsh signaled patience, cutting December hike odds to about 73%, and that reports of limited US strikes on Qeshm Island boosted safe-haven demand.
Oil-driven geopolitical swings and shifts in Fed hike expectations feed into dollar and energy costs that affect feed ingredient pricing. The election-driven volatility is expected to be short-lived.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.