# U.S. Dollar Gains Ground Ahead Of Midterm Elections: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

> The US Dollar Index rose after JOLTS job openings beat forecasts at 7.523 million and September factory orders rose 1.8% month over month. EUR/USD held near 1.1200 while oil pulled back about 1%, and USD/JPY climbed toward 158.50.

- Date: 2026-11-03 · published 2026-11-03T18:09:30.757Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/78107-u-s-dollar-gains-ground-ahead-of-midterm-elections-analysis-for-eur-usd-gbp-usd
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A firmer dollar lowers the dollar price of US commodities and makes US feed exports less competitive abroad, while the weaker oil backdrop reduces energy and biofuel-linked support for feedstocks.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | +0.7% | -0.6% |
| DXY | 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) | -0.2% | +2.1% |
| DXY | 2024-10-28 | [Ahead of US election, ringgit closes lower against US dollar amid cautious sentiment \| Malay Mail](https://feedsoft.ai/events/28137-ahead-of-us-election-ringgit-closes-lower-against-us-dollar-amid-cautious.md) | +0.2% | +1.9% |
| DXY | 2020-10-28 | [Sterling drops vs dollar; one-week volatility jumps ahead of US elections \| Malay Mail](https://feedsoft.ai/events/50878-sterling-drops-vs-dollar-one-week-volatility-jumps-ahead-of-us-elections-malay.md) | +0.4% | -1.6% |
| WTI | 2020-02-28 | [Baht gains more ground, as US dollar weakens](https://feedsoft.ai/events/54839-baht-gains-more-ground-as-us-dollar-weakens.md) | -2.6% | -61.0% |
| WTI | 2021-07-07 | [USD/MXN Price Analysis: Peso Gains One Over Greenback \| FXEmpire](https://feedsoft.ai/events/46283-usd-mxn-price-analysis-peso-gains-one-over-greenback-fxempire.md) | +2.3% | -4.0% |
| WTI | 2017-08-31 | [USD/CAD Canadian Dollar Lower After US GDP Improvement And Tax Reform Talk - ActionForex](https://feedsoft.ai/events/69712-usd-cad-canadian-dollar-lower-after-us-gdp-improvement-and-tax-reform-talk.md) | +6.8% | +12.3% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/u-s-dollar-gains-ground-ahead-of-midterm-elections-analysis-for-eur-usd-gbp-usd-usd-cad-usd-jpy-1642270

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