# Dollar falls while gold and US Treasury bonds rally as markets react to Democrats' midterm election victory – business live

> The 10-year Treasury yield fell about 4.7 basis points to 4.918% and the two-year yield dropped 3.7 basis points. The dollar traded about 0.5% lower against a basket of six major currencies after Democrats' midterm victory.

- Date: 2026-11-04 · published 2026-11-04T18:08:22.854Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/80061-dollar-falls-while-gold-and-us-treasury-bonds-rally-as-markets-react-to
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Falling US yields and a softer dollar are macro conditions that typically support dollar-denominated commodity prices. The move reflects market reaction to the political outcome rather than a direct change in farm supply or demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-13 | [Australia, NZ dollars look to break higher as US$ retreats - Markets - Business Recorder](https://feedsoft.ai/events/43388-australia-nz-dollars-look-to-break-higher-as-us-retreats-markets-business.md) | +0.1% | +0.2% |
| DXY | 2022-07-29 | [Australia, NZ dollars rally for second week, bond yields tumble - Markets - Business Recorder](https://feedsoft.ai/events/40738-australia-nz-dollars-rally-for-second-week-bond-yields-tumble-markets-business.md) | -0.2% | +0.8% |
| DXY | 2021-08-31 | [Dollar falls to more than 3-week low with payrolls eyed - Markets - Business Recorder](https://feedsoft.ai/events/45752-dollar-falls-to-more-than-3-week-low-with-payrolls-eyed-markets-business.md) | -0.2% | +0.9% |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |
| DXY | 2023-10-31 | [US dollar falls as markets believe Fed is done hiking rates \| Reuters](https://feedsoft.ai/events/11457-us-dollar-falls-as-markets-believe-fed-is-done-hiking-rates-reuters.md) | -1.4% | -2.9% |

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2026/nov/04/dollar-falls-while-gold-us-treasury-bonds-rally-markets-react-democrats-midterm-election-victory-marks-spencer-latest-live-updates?page=with%3Ablock-6aeaee418f0865becf1063b6

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