# Republican victory paves road to softer dollar

> The article discusses how a Republican victory in the midterm elections could lead to a softer dollar. It suggests a pivot to lower Fed rates is still likely next year, though the Fed may hold rates higher for longer than expected. Markets are expected to move away from the dollar once signs of a policy shift emerge.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7566-republican-victory-paves-road-to-softer-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a Fed pivot and a weaker dollar would support dollar-priced commodity prices and ease import costs for dollar-based buyers.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-09 | [Dollar dips on stimulus optimism, bets on Biden victory \| Reuters](https://feedsoft.ai/events/5561-dollar-dips-on-stimulus-optimism-bets-on-biden-victory-reuters.md) | -0.3% | -1.9% |
| DXY | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | -0.6% | -2.0% |
| DXY | 2022-09-23 | [Race to rein in strong dollar is on after Japan intervenes](https://feedsoft.ai/events/39758-race-to-rein-in-strong-dollar-is-on-after-japan-intervenes.md) | +1.1% | +1.2% |
| DXY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.0% | +0.2% |
| DXY | 2026-07-30 | [Latin American Currencies Rose As The Dollar Softened - Finimize](https://feedsoft.ai/events/18576-latin-american-currencies-rose-as-the-dollar-softened-finimize.md) | -1.2% | -1.9% |

## Sources

- reuters.com: https://www.reuters.com/breakingviews/republican-victory-paves-road-softer-dollar-2022-11-09/

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