
EUR/USD rose to around 1.1235 in early European trading on Wednesday as early US midterm results showed Democrats winning control of the Senate and House. Analysts expect a Democratic sweep could limit government spending and weigh further on the dollar.
A weaker dollar on expectations of a Democratic sweep tends to support dollar-priced commodities, though the pair remains below its 100-day SMA, so the move is modest.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.