# DXY trades tentatively into midterms; AUD lags post-RBA, which avoided further hawkish guidance

> The US dollar index traded in a thin range near 101.6 to 101.9 ahead of US midterm elections, with prediction markets favouring a Democratic sweep. The Australian dollar lagged after the RBA hiked 25 basis points without signalling further action, while the Swiss franc firmed after a hotter-than-expected Swiss CPI print.

- Date: 2026-11-03 · published 2026-11-03T15:11:51.664Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/77895-dxy-trades-tentatively-into-midterms-aud-lags-post-rba-which-avoided-further
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A possible Democratic sweep seen as dollar-negative could support dollar-priced commodities over time, but the effect on feed prices is modest in the near term.

## Read by commodity

- DXY: neutral
- AUDUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-19 | [With a rate hike priced in, dollar traders wait for Fed’s 2019 guidance - MarketWatch](https://feedsoft.ai/events/61746-with-a-rate-hike-priced-in-dollar-traders-wait-for-fed-s-2019-guidance.md) | -0.3% | -1.6% |
| DXY | 2024-07-09 | [China’s yuan slides on weaker guidance; Powell testimony in focus - The Pound Hub](https://feedsoft.ai/events/12302-china-s-yuan-slides-on-weaker-guidance-powell-testimony-in-focus-the-pound-hub.md) | -0.6% | +0.2% |
| DXY | 2021-01-28 | [China's yuan inches up as tight liquidity pushes interbank rates higher \| Financial Post](https://feedsoft.ai/events/49361-china-s-yuan-inches-up-as-tight-liquidity-pushes-interbank-rates-higher.md) | +0.2% | -0.1% |
| DXY | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |
| DXY | 2021-03-04 | [Reflation trades in FX markets expected to continue in March - Reuters poll](https://feedsoft.ai/events/10061-reflation-trades-in-fx-markets-expected-to-continue-in-march-reuters-poll.md) | +0.7% | +0.9% |

## Sources

- newsquawk.com: https://www.newsquawk.com/headlines/market-analysis-dxy-trades-tentatively-into-midterms-aud-lags-post-rba-which-avoided-further-hawkish-guidance

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