Loading…
The US dollar traded broadly lower on Wednesday, falling to about five-week lows as markets assessed the Democrats' midterm election victories. The DXY dropped near 101.00, while EUR/USD approached 1.1270 and GBP/USD briefly pierced 1.3500.
Front-month WTI futures slipped toward $91 per barrel, near three-week lows.
A weaker dollar supports dollar-priced commodities and can lift US export competitiveness for feed grains and meal. Lower crude prices reduce input costs for biofuels and freight, which tends to weigh on soyoil and corn-based ethanol margins.
fxstreet.comPablo PiovanoNov 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.
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.
