# US dollar outlook: Nasdaq breakdown raises stakes for EUR/USD, USD/JPY

> The dollar came under pressure in Asian trade as prediction markets priced a likely Democratic sweep of Congress. Nasdaq 100 futures moved toward a breakdown below a key technical level on concerns about AI-friendly policy. The dollar's moves have tracked tech stocks and Treasury yields.

- Date: 2026-11-04 · published 2026-11-04T03:07:41.513Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/78990-us-dollar-outlook-nasdaq-breakdown-raises-stakes-for-eur-usd-usd-jpy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weakness in the dollar tied to tech and yield moves can support dollar-priced commodities, but the link to grain and feed markets is indirect. Price impact is likely small.

## Read by commodity

- DXY: bearish ▼

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/us-dollar-outlook-nasdaq-breakdown-raises-stakes-for-eur-usd-usd-jpy/
- investing.com: https://www.investing.com/analysis/us-dollar-outlook-nasdaq-breakdown-raises-stakes-for-eurusd-usdjpy-200690816

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