
The Colombian peso dollar rate rose nearly COP 60 on Tuesday and then corrected on Wednesday, November 4, after Democrats won the US House and Senate in midterm elections. Analysts said the dollar fell globally by about 0.59% on the result.
The US midterm outcome weakened the dollar and pressured oil, which can ease import costs for Latin American feed buyers while tightening the link to energy prices.
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.