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The US Dollar Index hit its lowest level since late September, near 101.25, as early midterm results pointed to a Democratic win. Lower US bond yields added pressure, while markets priced a over 75% chance of a Fed rate hike in December.
A weaker dollar supports dollar-priced commodities, but expectations of further Fed tightening may limit the decline. Feed buyers in importing countries may see slightly cheaper dollar-denominated purchases.
tmgm-asia.comHaresh MenghaniNov 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.
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.
