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Kenanga Research says a Democratic win in both chambers of the US Congress could give near-term support to the Malaysian ringgit and government bonds. The 10-year US Treasury yield fell about seven basis points to 4.89% and the Dollar Index weakened 0.4% to 101.5 after the results.
The firm expects divided government to constrain Trump's legislative agenda, though US fiscal concerns and a debt ceiling standoff could limit gains.
A weaker dollar and softer US yields push USD/MYR lower, which can support Malaysian asset prices. For feed buyers the effect on commodity prices is indirect and modest.
businesstoday.com.myNov 5, 2026Not 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.
