# US dollar drifts on Middle East, midterm risks; Aussie and yuan dip

> The US dollar held steady on November 3 as investors weighed US-Iran tensions and the US midterm elections, with polls suggesting Democrats could retake the House. The Australian dollar and Chinese yuan came under pressure after domestic policy moves, while the euro traded near $1.1178 and the yen near 157.82 per dollar.

- Date: 2026-11-03 · published 2026-11-03T15:58:37.222Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78054-us-dollar-drifts-on-middle-east-midterm-risks-aussie-and-yuan-dip
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer dollar and oil swings tied to Gulf diplomacy shape the cost of dollar-priced feed imports and energy inputs. Yuan weakness can weigh on Chinese import demand and purchasing appetite for US farm goods.

## Read by commodity

- DXY: neutral
- AUDUSD: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-08 | [Dollar steady, focus on Fed path, China, Middle East](https://feedsoft.ai/events/11044-dollar-steady-focus-on-fed-path-china-middle-east.md) | +0.9% | +1.7% |
| DXY | 2026-10-01 | [Dollar flat as US-Iran stand-off lifts oil, yields](https://feedsoft.ai/events/17639-dollar-flat-as-us-iran-stand-off-lifts-oil-yields.md) | +0.2% | +0.6% |
| DXY | 2025-03-27 | [Dollar mixed, Mexican peso and Canadian dollar drop on auto tariffs](https://feedsoft.ai/events/25795-dollar-mixed-mexican-peso-and-canadian-dollar-drop-on-auto-tariffs.md) | +0.1% | -2.5% |
| DXY | 2016-10-13 | [Dollar stalls, yuan hits 6-year low on Chinese trade dip](https://feedsoft.ai/events/5888-dollar-stalls-yuan-hits-6-year-low-on-chinese-trade-dip.md) | -0.6% | +0.8% |
| DXY | 2018-01-30 | [Multiple fault lines for the Aussie dollar](https://feedsoft.ai/events/67228-multiple-fault-lines-for-the-aussie-dollar.md) | +0.2% | +1.0% |
| USDCNY | 2020-11-27 | [Yuan keeps on appreciating against both the dollar and the euro](https://feedsoft.ai/events/50362-yuan-keeps-on-appreciating-against-both-the-dollar-and-the-euro.md) | -0.7% | -0.7% |
| USDCNY | 2017-11-13 | [China's yuan eases on weaker fix and seasonal corporate US dollar-buying - Times of News](https://feedsoft.ai/events/68220-china-s-yuan-eases-on-weaker-fix-and-seasonal-corporate-us-dollar-buying-times.md) | -0.2% | -0.3% |
| USDCNY | 2024-10-29 | [Dollar peaks against yen ahead of US election and economic data \| Reuters](https://feedsoft.ai/events/28079-dollar-peaks-against-yen-ahead-of-us-election-and-economic-data-reuters.md) | -0.4% | +1.8% |

## Sources

- money.usnews.com: https://money.usnews.com/investing/news/articles/2026-11-02/dollar-under-pressure-as-oil-prices-slump-australia-rate-decision-awaited
- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-drifts-middle-east-midterm-risks-aussie-and-yuan-dip

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