# Forex Today: US Dollar under pressure as Democrats take control of Congress

> The US dollar weakened against major currencies early on November 4 as markets assessed the midterm election outcome. The Eurozone released preliminary October inflation data, and US ADP employment and ISM Services PMI data were due later in the day.

- Date: 2026-11-04 · published 2026-11-04T09:08:04.356Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/79471-forex-today-us-dollar-under-pressure-as-democrats-take-control-of-congress
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness after the midterms can ease pressure on import-dependent feed buyers' local-currency costs. The move is small and the outlook depends on the upcoming US data.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-31 | [Dollar remains under pressure ahead of FOMC - BBH — Octa](https://feedsoft.ai/events/67167-dollar-remains-under-pressure-ahead-of-fomc-bbh-octa.md) | +0.4% | +1.2% |
| DXY | 2025-07-02 | [U.S. dollar to stay under pressure from tariff, debt and rate cut expectations](https://feedsoft.ai/events/23958-u-s-dollar-to-stay-under-pressure-from-tariff-debt-and-rate-cut-expectations.md) | +0.3% | +1.7% |
| DXY | 2019-10-31 | [US Dollar Under "Significant Pressure" As Fed Make A Hawkish Cut And Tipped To Remain On Hold For The Remainder Of 2019 \| Exchange Rates UK](https://feedsoft.ai/events/56776-us-dollar-under-and-quot-significant-pressure-and-quot-as-fed-make-a-hawkish.md) | -0.1% | +0.8% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2026-01-29 | [Dollar Remains Under Pressure Despite Fed’s Hawkish Hold as Gold Surges Again \| Investing.com](https://feedsoft.ai/events/20960-dollar-remains-under-pressure-despite-fed-s-hawkish-hold-as-gold-surges-again.md) | +0.6% | +0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-us-dollar-under-pressure-as-democrats-take-control-of-congress-202611040737

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