
Rising odds of a Democratic win in the US midterm elections have lifted the dollar and Treasury yields. Strong September job openings and manufacturing orders pushed the 10-year Treasury yield up 5 basis points to 4.96%, while the dollar index rose 0.12% to 101.87.
A stronger dollar and higher US yields weigh on dollar-denominated commodity prices and pressure emerging-market currencies, which can make US feed exports less competitive. Expected easing of tariffs under a Democratic Congress is a further factor for trade flows.
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.