# Dollar ends winning streak before elections; euro struggles

> The dollar dipped on November 5 after three weeks of gains as investors took profits ahead of US midterm elections. Hedge funds raised net long dollar positions to their largest since December 2016, and the dollar index was near 96.3.

- Date: 2018-11-05 · published 2018-11-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62240-dollar-ends-winning-streak-before-elections-euro-struggles
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Routine currency moves with a firmer dollar tend to pressure dollar-denominated commodity prices, though this report describes positioning rather than a new structural cause.

## Read by commodity

- DXY: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/05/forex-markets-brexit-deal-dollars-moves-in-focus.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.