# Morning briefing: On the softer Dollar, EUR/USD is moving towards 1.1250

> The Dollar Index is trading lower as markets price in expected Democratic gains in the US midterm elections, with the index possibly slipping toward 101.00. The note also lays out technical targets for EUR/USD, USD/JPY, GBP, AUD and USD/CNY ahead of Friday's US payrolls report.

- Date: 2026-11-04 · published 2026-11-04T09:08:18.637Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/79477-morning-briefing-on-the-softer-dollar-eur-usd-is-moving-towards-1-1250
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A softer dollar supports dollar-priced commodities and can lift US export competitiveness, though the effect on feed prices is modest. Friday's payrolls data could reverse the move.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/morning-briefing-on-the-softer-dollar-eur-usd-is-moving-towards-11250-202611040443

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