
USD/CHF fell for a second day to around 0.8140 as the dollar weakened after the Democratic midterm sweep and falling oil prices. Strong ADP hiring and steady ISM services data kept expectations of a Fed rate hike in December, with markets pricing about an 82% chance.
Dollar softness and lower oil ease import costs for feed buyers, but rising Fed hike expectations may limit further dollar declines and keep the currency backdrop volatile.
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.