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The dollar is testing a 10-month trendline while gold challenges its 2026 low near $3,870. Traders are watching US midterm elections, Friday's nonfarm payrolls report and bond yields.
Markets price a December Fed rate hike above 70% probability.
A stronger dollar and higher rate expectations raise the cost of dollar-priced commodities for importers and can pressure grain and oilseed prices. The article is routine technical commentary without a new cause.
forex.comRazan Hilal, CMTNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
