# FX weekly forecast: US mid-term elections to trigger fresh weakness in the US dollar?

> A weekly FX forecast previews the coming week, flagging a Bank of England rate decision expected to be a hike, Eurozone October preliminary inflation data, and US non-farm payrolls on Friday. It also cites the possibility of a Democratic 'blue wave' in the US midterm elections as a headwind for the dollar.

- Date: 2026-11-02 · published 2026-11-02T12:09:58.152Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/75387-fx-weekly-forecast-us-mid-term-elections-to-trigger-fresh-weakness-in-the-us
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of a weaker dollar and a firmer euro, pound and rand tend to make dollar-priced commodities more attractive to non-US buyers, a mildly supportive factor for grain and feed prices. Middle East tension concerns could also weigh on emerging-market currencies.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-30 | [US Dollar Forecast: Fed’s easing weighs on the Dollar](https://feedsoft.ai/events/28507-us-dollar-forecast-fed-s-easing-weighs-on-the-dollar.md) | +0.9% | +3.1% |
| DXY | 2017-02-09 | [(LEAD) Dollar forecast to stay weak in short term \| Yonhap News Agency](https://feedsoft.ai/events/72748-lead-dollar-forecast-to-stay-weak-in-short-term-yonhap-news-agency.md) | +0.1% | +0.7% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| DXY | 2020-11-20 | [ING Predictions: "We're Forecasting Broad-Based Dollar Weakness, By 5-10% Vs Most Currencies](https://feedsoft.ai/events/50332-ing-predictions-and-quot-we-re-forecasting-broad-based-dollar-weakness-by-5-10.md) | -0.4% | -1.5% |
| DXY | 2023-03-31 | [Dollar up vs. euro but remains on track for weekly loss after inflation data](https://feedsoft.ai/events/37072-dollar-up-vs-euro-but-remains-on-track-for-weekly-loss-after-inflation-data.md) | -0.1% | +0.0% |
| EURUSD | 2023-03-31 | [Dollar up vs. euro but remains on track for weekly loss after inflation data](https://feedsoft.ai/events/37072-dollar-up-vs-euro-but-remains-on-track-for-weekly-loss-after-inflation-data.md) | +0.3% | +1.1% |
| EURUSD | 2025-03-26 | [Why do we expect further weakening of the US dollar? - AP Institutional \| Invesco](https://feedsoft.ai/events/25776-why-do-we-expect-further-weakening-of-the-us-dollar-ap-institutional-invesco.md) | -0.0% | +6.1% |
| EURUSD | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | -0.4% | -1.1% |

## Sources

- news.torfx.com: https://news.torfx.com/post/2026-11-02_fx-weekly-forecast-us-mid-term-elections-to-trigger-fresh-weakness-in-the-us-dollar/

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