# Dollar pulls back ahead of US midterms; bitcoin stabilises after crypto heist | live

> The dollar eased 0.5% to 101.45 against major currencies ahead of US midterm elections, while the euro rose to $1.1234 and sterling to $1.3445. Brent crude fell 3.8% on growing hopes for a diplomatic end to the US-Iran conflict.

- Date: 2026-11-02 · published 2026-11-02T12:08:37.031Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/75364-dollar-pulls-back-ahead-of-us-midterms-bitcoin-stabilises-after-crypto-heist
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar and lower crude reduce energy and input costs and can support dollar-priced grain demand, while the easing in Middle East tensions lowers the supply-risk premium on oil and diesel.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-08-02 | [Latam FX hit as US credit downgrade bruises mood, dollar pops](https://feedsoft.ai/events/34791-latam-fx-hit-as-us-credit-downgrade-bruises-mood-dollar-pops.md) | +1.9% | -0.3% |
| WTI | 2022-04-05 | [Canadian dollar pulls back from 5-month high on hawkish Fed outlook](https://feedsoft.ai/events/42112-canadian-dollar-pulls-back-from-5-month-high-on-hawkish-fed-outlook.md) | -8.8% | -0.8% |
| WTI | 2021-08-31 | [Canadian dollar steadies after ‘limited’ reaction to GDP miss - The Globe and Mail](https://feedsoft.ai/events/45789-canadian-dollar-steadies-after-limited-reaction-to-gdp-miss-the-globe-and-mail.md) | -1.2% | +8.9% |
| WTI | 2020-02-28 | [US Dollar Index drops to 3-week lows near 98.40 ahead of US docket — Octa](https://feedsoft.ai/events/54776-us-dollar-index-drops-to-3-week-lows-near-98-40-ahead-of-us-docket-octa.md) | -2.6% | -61.0% |
| WTI | 2022-07-19 | [Strong dollar fuels pullback in commodity markets \| Stock Market News](https://feedsoft.ai/events/40392-strong-dollar-fuels-pullback-in-commodity-markets-stock-market-news.md) | -4.9% | -12.1% |
| BRENT | 2026-08-31 | [The dollar in Colombia starts the week soaring: the TRM rises to $3,202.79 after five days of increases \| IBTimes CO](https://feedsoft.ai/events/18168-the-dollar-in-colombia-starts-the-week-soaring-the-trm-rises-to-3-202-79-after.md) | +10.1% | +24.2% |
| BRENT | 2020-12-07 | [Ringgit falls against US dollar on lack of demand, lower Fitch downgrade \| Malaysia now](https://feedsoft.ai/events/49924-ringgit-falls-against-us-dollar-on-lack-of-demand-lower-fitch-downgrade.md) | +1.7% | +8.6% |
| BRENT | 2023-10-25 | [Rupee rises on oil pullback; dollar liquidity remains inadequate](https://feedsoft.ai/events/33906-rupee-rises-on-oil-pullback-dollar-liquidity-remains-inadequate.md) | -1.0% | -6.4% |

## Sources

- au.investing.com: https://au.investing.com/news/economy-news/dollar-pulls-back-ahead-of-us-midterms-bitcoin-stabilises-after-crypto-heist-4733117
- live.euronext.com: https://live.euronext.com/en/financial-news/dollar-pulls-back-ahead-us-midterms-bitcoin-stabilises-after-crypto-heist

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