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USD/CAD fell toward 1.3955 as the US dollar weakened broadly after Democrats won control of Congress. US bond yields slid as investors sought safe-haven debt, and hopes for Iran diplomacy added pressure on the dollar.
Broad dollar weakness supports dollar-priced commodities such as grains and oilseeds, while Iran diplomacy hopes lower oil prices, which reduces biofuel and freight cost pressure on feed inputs.
tmgm.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.
Not enough comparable past events yet for a historical read.
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.
