The US dollar fell to multi-week lows after Democrats won majorities in both the Senate and House, with the Dollar Index down 0.3% to 101.26. Sterling paused its winning streak ahead of an expected Bank of England rate increase, and the euro held flat.
A weaker dollar and lower Treasury yields tend to support dollar-priced commodities such as soybeans and corn, and a unified Democratic Congress may slow aggressive tariff moves that have disrupted export flows.
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 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.