# Dollar edges higher as US election starts, with Friday's jobs data the next test for rate-rise bets

> The dollar firmed slightly as US voting began, with the 2-year Treasury yield at 4.59% and the 10-year at 4.91% as of November 2. Traders are looking to Friday's jobs report to confirm bets on a Federal Reserve rate hike in December.

- Date: 2026-11-03 · published 2026-11-04T12:07:54.097Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/79603-dollar-edges-higher-as-us-election-starts-with-friday-s-jobs-data-the-next-test
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong payrolls print would raise December hike bets and lift the dollar, which tends to pressure dollar-priced commodities. The effect on feed markets is indirect and runs through rate expectations.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-24 | [Dollar edges higher as Fed rates view sets direction](https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction.md) | +0.8% | -0.1% |
| DXY | 2023-05-01 | [US dollar edges higher as GDP, jobless claims affirm rate hike bets](https://feedsoft.ai/events/36302-us-dollar-edges-higher-as-gdp-jobless-claims-affirm-rate-hike-bets.md) | -0.6% | +1.2% |
| DXY | 2022-09-22 | [SBS On the Money: Why US rate rise means higher Australian rates and lower dollar \| SBS News](https://feedsoft.ai/events/39837-sbs-on-the-money-why-us-rate-rise-means-higher-australian-rates-and-lower.md) | +1.9% | +1.8% |
| DXY | 2025-09-26 | [Ringgit edges lower on upbeat US jobs and GDP data, with traders bracing for more dollar strength \| Malay Mail](https://feedsoft.ai/events/23159-ringgit-edges-lower-on-upbeat-us-jobs-and-gdp-data-with-traders-bracing-for.md) | -0.1% | +0.3% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |

## Sources

- aephel.com: https://www.aephel.com/research/news/2026-11-03-dollar-edges-higher-as-us-election-starts-with-fridays-jobs

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