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Democrats appear to have taken control of the US House and are nearing a Senate majority, which pushed money into Treasuries and lowered yields. Trump said in a Financial Times interview that no strikes on the Middle East are planned soon, reducing dollar safe-haven demand.
Job openings came in above forecast at 7.5 million.
A weaker dollar on reduced geopolitical risk can support dollar-priced commodities, while strong labour data could reverse the move. Lower Middle East escalation risk also eases energy-driven feed cost pressure.
investing.comBekhzod RakhmatovNov 4, 2026After 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 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.
