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The US Dollar Index fell to 101.10 after Democrats won Congress. Lower Treasury yields and fading expectations for Federal Reserve rate hikes weighed on the dollar, with the article highlighting 101.1 as a key support level.
A weaker dollar can support dollar-denominated agricultural commodity prices, although the effect depends on other supply and demand drivers.
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.