# Dollar rangebound ahead of U.S. midterms; bitcoin reels from crypto heist

> The dollar and major currencies held steady on Monday as investors awaited the US midterm elections, which could shift control of Congress. Bitcoin and ether fell after a record $6.3 billion heist at Binance, the world's largest crypto exchange. Traders also faced US jobs data and central bank decisions in the UK, Australia, Norway and Sweden that week.

- Date: 2026-11-02 · published 2026-11-02T03:08:35.618Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/74659-dollar-rangebound-ahead-of-u-s-midterms-bitcoin-reels-from-crypto-heist
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A rangebound dollar ahead of the elections and key data leaves little direct pressure on feed-grain or meal prices. Election outcomes could still shift fiscal and trade expectations that feed into dollar-denominated commodity pricing.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-22 | [Dollar catches breath ahead of Powell testimony; bitcoin attempts recovery](https://feedsoft.ai/events/46774-dollar-catches-breath-ahead-of-powell-testimony-bitcoin-attempts-recovery.md) | -0.7% | +0.8% |
| DXY | 2025-12-30 | [US Dollar Index hovers around 98.00 ahead of FOMC Meeting Minutes](https://feedsoft.ai/events/21689-us-dollar-index-hovers-around-98-00-ahead-of-fomc-meeting-minutes.md) | +0.2% | -1.7% |
| DXY | 2018-09-25 | [Dollar slips ahead of widely expected Fed rate hike](https://feedsoft.ai/events/63243-dollar-slips-ahead-of-widely-expected-fed-rate-hike.md) | +0.3% | +1.4% |
| DXY | 2024-01-31 | [Dollar Flat Ahead of FOMC Decision, US Payrolls Report](https://feedsoft.ai/events/32401-dollar-flat-ahead-of-fomc-decision-us-payrolls-report.md) | +0.3% | +0.4% |
| DXY | 2023-09-21 | [Dollar eases after Fed-spurred rise, yen stronger ahead of BOJ](https://feedsoft.ai/events/34309-dollar-eases-after-fed-spurred-rise-yen-stronger-ahead-of-boj.md) | +1.7% | +2.3% |
| EURUSD | 2020-04-29 | [ECB Preview: Euro-Dollar Recovers From Multi-Week Exchange Rate Lows Ahead Of Lagarde's Next Coronavirus Response \| Exchange Rates UK](https://feedsoft.ai/events/53855-ecb-preview-euro-dollar-recovers-from-multi-week-exchange-rate-lows-ahead-of.md) | +0.1% | +1.2% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| EURUSD | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | -0.4% | +0.4% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/dollar-rangebound-ahead-us-midterms-bitcoin-reels-crypto-heist
- brecorder.com: https://www.brecorder.com/news/40447001
- cnbc.com: https://www.cnbc.com/2026/11/02/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist.html

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