# Forex Today: Dollar shows no signs of strength as US holds midterm elections

> The US Dollar Index fell to a one-month low near 101.40 on Monday before recovering to hold above 101.70 on Tuesday, 3 November. Markets remained cautious ahead of US midterm elections and September factory orders and JOLTS job openings data.

- Date: 2026-11-03 · published 2026-11-03T15:37:56.098Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78009-forex-today-dollar-shows-no-signs-of-strength-as-us-holds-midterm-elections
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar tends to support dollar-priced commodities such as grains and oilseeds by making them cheaper for non-US buyers, while the currency moves are modest and largely offset within the session.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-13 | [FOREX-Yen set to snap nine weeks of losses, dollar holds firm](https://feedsoft.ai/events/41626-forex-yen-set-to-snap-nine-weeks-of-losses-dollar-holds-firm.md) | -1.5% | -1.1% |
| DXY | 2026-01-28 | [Forex Today: Fed delivers hawkish hold, US Dollar remains under pressure](https://feedsoft.ai/events/20966-forex-today-fed-delivers-hawkish-hold-us-dollar-remains-under-pressure.md) | +0.4% | +0.3% |
| DXY | 2021-08-26 | [Yen Falls on Rising US Yields, Dollar Soft Again - ActionForex](https://feedsoft.ai/events/45776-yen-falls-on-rising-us-yields-dollar-soft-again-actionforex.md) | -0.7% | -0.1% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |
| DXY | 2023-05-29 | [Inflation Shows No Signs of Cooling. What Does That Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/35850-inflation-shows-no-signs-of-cooling-what-does-that-mean-for-commodity-prices.md) | -0.5% | -1.4% |

## Sources

- tmgapac.com: https://www.tmgapac.com/en-eu/analysis/market-news/article/forex-today-no-signs-of-dollar-strength-on-us-midterm-election-day-202611030723

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