Loading…
The US dollar index fell 0.3% to 101.55, its lowest since September 30, as traders digested the Democratic sweep in the midterm elections. Mixed economic data also arrived ahead of the Friday nonfarm payrolls report.
A dollar at a one-month low makes dollar-denominated grain and oilseed imports cheaper for overseas buyers. Policy uncertainty tied to the new Congress could weigh on growth expectations.
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.