
The baht opened at 33.60 per dollar against 33.64 at the prior close. The dollar fell to a one-month low after the Democrats' sweeping midterm victory, and crude oil dropped more than 8% on expectations that the US-Iran war could end sooner.
Gold rose about 3%, and US ADP private payrolls for October beat forecasts at 86,000.
A weaker dollar and lower crude reduce the cost of dollar-priced feed imports for Asian buyers. Oil's sharp drop also removes some energy-driven pressure on feed and fertilizer 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.
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.
Not enough comparable past events yet for a historical read.
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.