# Fed, Elections and the Dollar

> The Federal Reserve held interest rates unchanged, as expected, but its message was clearly restrictive. Two members voted for a rate hike, and markets are beginning to consider a next move that could be a hike rather than a cut. Major technology companies also reported strong quarterly results, with cloud and AI revenue growing sharply.

- Date: 2026-11-03 · published 2026-11-03T09:09:40.407Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/77380-fed-elections-and-the-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of tighter US policy support the dollar, which raises the local-currency cost of dollar-priced grain and oilseed imports for buyers abroad. Stronger AI-related spending does not directly move feed markets, so the Fed path is the main channel here.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-27 | [And The U.S. Dollar?](https://feedsoft.ai/events/65691-and-the-u-s-dollar.md) | +0.7% | +1.9% |
| DXY | 2020-03-17 | [COVID-19 and the US dollar](https://feedsoft.ai/events/54308-covid-19-and-the-us-dollar.md) | +4.3% | +1.3% |
| DXY | 2022-10-18 | [Dollar Appreciation and Inflation \| Richmond Fed](https://feedsoft.ai/events/39035-dollar-appreciation-and-inflation-richmond-fed.md) | +0.3% | -3.6% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |

## Sources

- milenio.com: https://www.milenio.com/opinion/juan-musi-amione/mercados-en-perspectiva/fed-elecciones-y-dolar

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