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ING strategist Francesco Pesole said the Democratic win in the US midterm elections is weighing on the dollar, but that rate expectations limit a sharper decline. The dollar/lira rose to a record 50.06, while the DXY index fell to about 101.2.
A weaker dollar typically supports dollar-priced commodities such as grains and oilseeds, but the move is modest and rate expectations are the main driver. Lira-based feed costs for Turkish buyers continue to rise.
paratic.comNesrin ZamanNov 5, 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.
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.
