# US Dollar Index edges up within range with midterm elections front and centre

> The US Dollar Index hovered just below 102.00, drawing mild support from renewed hostilities in Iran after US forces struck Qeshm Island in the Strait of Hormuz. Strong ISM manufacturing data released Monday and uncertainty over the US midterm elections kept gains limited.

- Date: 2026-11-03 · published 2026-11-03T15:09:32.084Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/77862-us-dollar-index-edges-up-within-range-with-midterm-elections-front-and-centre
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Iran-related strikes lift oil prices, which supports the dollar as a safe haven and raises input and freight costs for feed buyers. Limited dollar gains mean the currency effect on feed prices is modest for now.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Dollar Index Catches Up With Fundamentals](https://feedsoft.ai/events/34359-dollar-index-catches-up-with-fundamentals.md) | +0.8% | +1.3% |
| DXY | 2018-11-05 | [EURUSD retreats on ECB Italy and soft data ahead of US midterm elections](https://feedsoft.ai/events/62241-eurusd-retreats-on-ecb-italy-and-soft-data-ahead-of-us-midterm-elections.md) | +0.7% | +0.3% |
| DXY | 2024-07-27 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound \| FX Blue](https://feedsoft.ai/events/9350-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -0.2% | -1.8% |
| DXY | 2018-04-30 | [Euro-Dollar Exchange Rates To Face German Inflation, FED And US Jobs This Week \| Exchange Rates UK](https://feedsoft.ai/events/65728-euro-dollar-exchange-rates-to-face-german-inflation-fed-and-us-jobs-this-week.md) | +1.0% | +2.2% |
| DXY | 2024-07-10 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound - VT Markets](https://feedsoft.ai/events/12298-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -0.6% | +0.2% |
| WTI | 2024-01-29 | [Canadian Dollar hesitates with Canada GDP, US Fed rate call in the pipe](https://feedsoft.ai/events/32335-canadian-dollar-hesitates-with-canada-gdp-us-fed-rate-call-in-the-pipe.md) | -7.3% | -0.1% |
| WTI | 2021-12-16 | [Canadian dollar rallies as more central banks move on inflation - The Globe and Mail](https://feedsoft.ai/events/43854-canadian-dollar-rallies-as-more-central-banks-move-on-inflation-the-globe-and.md) | +2.7% | +15.7% |
| WTI | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | +2.0% | -0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-index-edges-up-within-range-with-midterm-elections-front-and-centre-202611031214

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