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Democrats won control of both the US House and Senate, and the dollar index fell about 0.5% to a multi-week low on Wednesday. The Mexican peso rose roughly 1% to about 18.68 per dollar.
Oil futures fell about 8-9% as the election result combined with uncertainty over US-Iran hostilities.
A weaker dollar and a stronger peso lower the local-currency cost of dollar-priced grains and oilseeds for Mexican buyers. The oil drop lowers energy and freight costs, which can ease feed input prices, though the Iran conflict keeps prices volatile.
particle.newsNov 4, 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.
Not enough comparable past events yet for a historical read.
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.
