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The dollar fell on its way to its biggest daily percentage drop in three weeks after Democrats took both the Senate and House. The dollar index fell 0.32% to 101.51, and the euro rose to 1.1236.
Markets still priced an 82.6% chance of a Federal Reserve rate increase in December.
The weaker dollar and the removal of political uncertainty support dollar-denominated commodity prices. Buyers may see a small easing of import costs, though Fed hike expectations limit the move.
brecorder.comReutersNov 5, 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.
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.
