# Forex Today: US Dollar retreats as US elections and RBA loom

> The US Dollar Index traded near 101.72, down 0.24%, as traders weighed possible progress in US-Iran negotiations ahead of US midterm elections and upcoming US data. Upbeat October ISM Manufacturing PMI data was largely set aside.

- Date: 2026-11-02 · published 2026-11-02T21:10:00.132Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/75867-forex-today-us-dollar-retreats-as-us-elections-and-rba-loom
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar tends to support dollar-priced commodities and can ease pressure on emerging-market currencies that import feed ingredients. The move is modest, so the impact on feed prices is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-28 | [Forex: US Dollar's Appeal Fades As Rate Cut Looms](https://feedsoft.ai/events/54802-forex-us-dollar-s-appeal-fades-as-rate-cut-looms.md) | -0.5% | +4.3% |
| DXY | 2025-11-27 | [Dollar retreats, kiwi leaps as rate direction diverges](https://feedsoft.ai/events/22144-dollar-retreats-kiwi-leaps-as-rate-direction-diverges.md) | -0.5% | -1.5% |
| DXY | 2020-03-01 | [Dollar retreats as coronavirus fallout raises expectations of rate cut](https://feedsoft.ai/events/54508-dollar-retreats-as-coronavirus-fallout-raises-expectations-of-rate-cut.md) | -0.8% | +4.0% |
| DXY | 2022-07-18 | [Dollar retreats as rate hike bets ease](https://feedsoft.ai/events/40684-dollar-retreats-as-rate-hike-bets-ease.md) | -0.8% | -2.0% |
| DXY | 2026-05-17 | [Dollar retreats as traders focus on Iran, Fed policy](https://feedsoft.ai/events/19471-dollar-retreats-as-traders-focus-on-iran-fed-policy.md) | +0.0% | +0.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-the-us-dollar-retreats-as-us-elections-and-rba-loom-202611022041

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