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The dollar index held near 101.8 on Tuesday before falling about 0.4% after Democrats were projected to win both chambers of Congress. Oil was volatile after the White House confirmed limited strikes on Iran's Qeshm Island, with Brent settling near $104 as Qatar-mediated talks continued.
Dollar moves and Iran-driven crude swings feed into energy costs and feedstock margins, and a Democratic sweep reduces fiscal stimulus expectations that would otherwise support the dollar.
ca.investing.comMonexNov 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 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% 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.
