
SCB Financial Markets expects the Democrats to win both chambers of the US midterm elections, with about 95% odds for the House and 75% for the Senate. It sees limited short-term market impact because the outcome is largely priced in.
The bank forecasts the baht at 33.60-34.10 per dollar for the rest of 2026, possibly weakening to 34.50 by mid-2027.
Expected fiscal risks from a divided Congress could lift US Treasury yields and the dollar, pressuring the baht and raising the dollar cost of imported feed ingredients for Thai buyers. The effect on grain prices is indirect.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.