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The dollar fell on Wednesday after the Democratic Party won the US midterm elections, with the Bloomberg Dollar Spot index down 0.4% and an intraday low of 0.5%, its biggest decline in two months. Most Latin American currencies gained, led by the Chilean, Colombian and Mexican pesos.
A weaker dollar lowers the local-currency cost of dollar-priced commodities and can ease import costs for Latin American feed buyers. Investors are also reassessing US rate and growth expectations, which affects the broader commodity complex.
bloomberglinea.comCarlos Rodríguez SalcedoNov 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.
