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The euro reached about 1.1273 against the dollar, its highest in roughly a month, after Democrats secured majorities in both houses of Congress in the November 3 midterms. Sterling rose to around 1.35 dollars, its strongest in about six weeks, and the yen weakened against both currencies.
Dollar weakness and falling US long-term yields support dollar-priced grain and meal values for non-US buyers, while a firm ADP jobs report limits the dollar's decline. Currency moves of this size affect the landed cost of imported feed ingredients.
nikkei.comNikkei Inc.Nov 4, 2026After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
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.
