# US Dollar: Weak momentum faces midterm and payrolls tests – DBS

> DBS says the dollar index slipped below 102 after the October 28 FOMC meeting, with strong GDP and PCE data failing to restore momentum. Lower 10-year yields and AI investment concerns are cited as headwinds, with midterms and payrolls as upcoming tests.

- Date: 2026-11-02 · published 2026-11-02T21:10:00.443Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/75872-us-dollar-weak-momentum-faces-midterm-and-payrolls-tests-dbs
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weakening dollar can support dollar-priced feed commodities and ease import costs for emerging-market buyers. The effect is modest and largely sentiment-driven.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-26 | [US Dollar's worst month since 2023: DXY faces make-or-break moment at 104.00](https://feedsoft.ai/events/25778-us-dollar-s-worst-month-since-2023-dxy-faces-make-or-break-moment-at-104-00.md) | +0.3% | -2.9% |
| DXY | 2022-03-31 | [Ringgit continues upward momentum against US dollar](https://feedsoft.ai/events/42530-ringgit-continues-upward-momentum-against-us-dollar.md) | +0.8% | +3.8% |
| DXY | 2025-08-14 | [Bangkok Post - Analysts expect baht to test 32 as US dollar weakens further](https://feedsoft.ai/events/23577-bangkok-post-analysts-expect-baht-to-test-32-as-us-dollar-weakens-further.md) | +0.5% | -0.1% |
| DXY | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -0.5% | +4.3% |
| DXY | 2025-03-07 | [US dollar sags after weaker-than-expected jobs data, Fed's Powell comments](https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments.md) | -0.1% | -1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-weak-momentum-faces-midterm-and-payrolls-tests-dbs-202611021357
- mitrade.com: https://www.mitrade.com/au/insights/news/live-news/article-4-2223069-20261102
- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/us-dollar-weak-momentum-faces-midterm-and-payrolls-tests-dbs-202611021357
- vgmarkets.com: https://www.vgmarkets.com/en/news-detail/us-dollar-weak-momentum-faces-midterm-and-payrolls-tests-202611021357.html

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