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The euro traded marginally higher near 1.1195 against the US dollar on Tuesday, while the dollar index eased to about 101.73. Traders were cautious ahead of the US midterm elections, where betting markets gave Democrats a 70-72% chance of winning both chambers of Congress.
A Democratic sweep could weigh on the dollar through political gridlock and fiscal risk, which would support dollar-priced feed commodity imports from non-US buyers. The effect on grain and meal prices is likely small.
fxstreet.comSagar DuaNov 3, 2026Not 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.
