# SCB FM Expects US Election Democrat Win to Weigh on Short-Term Money Markets and Pressure Baht Lower

> 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.

- Date: 2026-11-03 · published 2026-11-03T12:09:43.018Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/77557-scb-fm-expects-us-election-democrat-win-to-weigh-on-short-term-money-markets
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-01 | [US election pressures and data drive AUD/USD to a four-week low](https://feedsoft.ai/events/28121-us-election-pressures-and-data-drive-aud-usd-to-a-four-week-low.md) | -0.0% | +1.9% |
| DXY | 2026-02-06 | [DXY surges: Pressure on domestic exchange rates and impact on export markets.](https://feedsoft.ai/events/20922-dxy-surges-pressure-on-domestic-exchange-rates-and-impact-on-export-markets.md) | -0.8% | +0.8% |
| DXY | 2021-10-12 | [Money markets ramp up global rate hike bets, add pressure on central banks \| Reuters](https://feedsoft.ai/events/44808-money-markets-ramp-up-global-rate-hike-bets-add-pressure-on-central-banks.md) | -0.5% | -0.7% |
| DXY | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -0.1% | -2.8% |
| DXY | 2021-06-29 | [Baht, rupiah under pressure as virus woes support dollar - Markets - Business Recorder](https://feedsoft.ai/events/46855-baht-rupiah-under-pressure-as-virus-woes-support-dollar-markets-business.md) | +0.8% | +1.1% |

## Sources

- prachachat.net: https://www.prachachat.net/finance/news-2090405

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.