# Dollar resumes its weakness as markets brace for rate decisions and NFP

> The US dollar is resuming its downward trend ahead of a busy week of central bank decisions and the US midterm elections. The Friday Non-Farm Payrolls report is seen as the next major driver. Markets expect the labour data could reinforce a less restrictive Fed.

- Date: 2026-11-02 · published 2026-11-02T12:08:13.355Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/75349-dollar-resumes-its-weakness-as-markets-brace-for-rate-decisions-and-nfp
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts dollar-denominated commodity prices and supports US export demand. A soft payrolls print would add to that pressure, while a strong one would reverse it.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-10 | [EMERGING MARKETS-Brazil's real sinks 4%, other FX rally on dollar weakness](https://feedsoft.ai/events/38888-emerging-markets-brazil-s-real-sinks-4-other-fx-rally-on-dollar-weakness.md) | -1.6% | -2.8% |
| DXY | 2025-05-19 | [Dollar set for more weakness as 'Brand USA' falls further out of favor \| Reuters](https://feedsoft.ai/events/24861-dollar-set-for-more-weakness-as-brand-usa-falls-further-out-of-favor-reuters.md) | -1.4% | -2.4% |
| DXY | 2022-03-30 | [Euro rises vs dollar as eurozone inflation fans rate hike expectations \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/42468-euro-rises-vs-dollar-as-eurozone-inflation-fans-rate-hike-expectations-money.md) | +0.1% | +2.9% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| DXY | 2020-03-02 | [Forex markets: Dollar dented as coronavirus damage spurs interest rate cut bets](https://feedsoft.ai/events/7169-forex-markets-dollar-dented-as-coronavirus-damage-spurs-interest-rate-cut-bets.md) | -0.8% | +4.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/dollar-resumes-its-weakness-as-markets-brace-for-rate-decisions-and-nfp-202611020946

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