# FX Daily: Blue wave price action a preview of what's to come | ING THINK

> Democrats won both the House and Senate in the US midterm elections, with large margins and wins in key governor races. Short-dated US rates and the dollar weakened, and tech-heavy equities briefly fell on fears that a Democratic Congress would slow AI data-centre investment before recovering most of the losses.

- Date: 2026-11-04 · published 2026-11-04T09:08:03.975Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/79470-fx-daily-blue-wave-price-action-a-preview-of-what-s-to-come-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts dollar-priced grains and oilseeds for non-US buyers, while a slower AI capex outlook could weigh on US growth expectations. The effect on feed prices is indirect and modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | [FX Daily: The mother of all corrections \| ING THINK](https://feedsoft.ai/events/7561-fx-daily-the-mother-of-all-corrections-ing-think.md) | -0.7% | -1.6% |
| DXY | 2023-12-14 | [FX Daily: Fed brings tidings of comfort and joy \| articles \| ING THINK](https://feedsoft.ai/events/8299-fx-daily-fed-brings-tidings-of-comfort-and-joy-articles-ing-think.md) | -1.3% | -1.3% |
| DXY | 2023-11-21 | [FX Daily: Renminbi shorts on the run \| articles \| ING THINK](https://feedsoft.ai/events/12028-fx-daily-renminbi-shorts-on-the-run-articles-ing-think.md) | -0.6% | -0.7% |
| DXY | 2025-05-30 | [FX Daily: Softer US spending weighs on the dollar \| ING THINK](https://feedsoft.ai/events/24860-fx-daily-softer-us-spending-weighs-on-the-dollar-ing-think.md) | -0.5% | -1.6% |
| DXY | 2022-11-11 | [FX Daily: Too early for a broad dollar downtrend \| articles \| ING THINK](https://feedsoft.ai/events/7564-fx-daily-too-early-for-a-broad-dollar-downtrend-articles-ing-think.md) | -0.7% | -1.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-blue-wave-price-action-a-preview-of-whats-to-come/

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