
The USD Index slid toward 101.00 after Democrats won both chambers of Congress, while crude oil fell sharply on de-escalation hopes in the Middle East. ADP employment and ISM services data were stronger than expected, and the BoE was due to announce its rate decision.
A weaker dollar and lower oil improve import affordability for feed buyers, but the dollar's direction depends on upcoming labour data and Fed 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.
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.
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.