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The US dollar and oil prices fell on Wednesday as traders reacted to Donald Trump's heavy defeat in the US midterm elections, which handed Democrats control of Congress. Eurozone inflation reached a three-year high of 4 percent, while European stock markets rose.
A weaker dollar and lower oil prices reduce input costs and can ease feed-cost pressure, though political gridlock adds uncertainty for US trade and biofuel policy that could affect corn and soy demand.
thesouthafrican.comAFPNov 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 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.
Not enough comparable past events yet for a historical read.
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.
