
Most Asian currencies strengthened against the US dollar on November 5 after the Democrats' midterm victory weighed on the dollar. The baht, peso and rupiah led gains, while the Korean won and Taiwan dollar fell.
The DXY dropped to about 101.3.
A weaker dollar and firmer Asian currencies lower the local-currency cost of dollar-priced feed imports for Asian buyers, while the won's fall raises Korean import costs.
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.