The Peruvian dollar opened at S/3.450, below the prior close of S/3.462, after Democrats won both chambers of the US Congress. The DXY fell 0.57% to 101.311, while WTI dropped 3.43% to $93.43 and Brent fell 3.61% to $104.38 amid lower geopolitical risk perception.
A weaker dollar and lower oil on reduced Iran-war risk lower energy and freight costs for feed, though a divided Congress could slow US trade and fiscal policy.
After 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.