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Investors are weighing the possibility of a Republican sweep of government after Trump's win. The dollar had already reached its highest level in four months against a basket of peers following the post-election surge.
A longer-term Republican government could sustain dollar strength, which tends to pressure US dollar-priced grain and meal exports.
reuters.comSaqib Iqbal AhmedNov 8, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
