# Near 101.25: US Dollar Index (DXY) plunges to late September lows as US election results emerge

> The US Dollar Index hit its lowest level since late September, near 101.25, as early midterm results pointed to a Democratic win. Lower US bond yields added pressure, while markets priced a over 75% chance of a Fed rate hike in December.

- Date: 2026-11-04 · published 2026-11-04T18:08:23.495Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/80063-near-101-25-us-dollar-index-dxy-plunges-to-late-september-lows-as-us-election
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar supports dollar-priced commodities, but expectations of further Fed tightening may limit the decline. Feed buyers in importing countries may see slightly cheaper dollar-denominated purchases.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-29 | [USD/CAD drops to near 1.3460 as US Dollar edges lower ahead of inflation test — Octa](https://feedsoft.ai/events/29036-usd-cad-drops-to-near-1-3460-as-us-dollar-edges-lower-ahead-of-inflation-test.md) | +0.5% | -0.7% |
| DXY | 2021-02-11 | [Dollar slides near two-week lows as Fed pledges low rates](https://feedsoft.ai/events/48817-dollar-slides-near-two-week-lows-as-fed-pledges-low-rates.md) | +0.5% | +1.2% |
| DXY | 2020-02-28 | [US Dollar Index drops to 3-week lows near 98.40 ahead of US docket — Octa](https://feedsoft.ai/events/54776-us-dollar-index-drops-to-3-week-lows-near-98-40-ahead-of-us-docket-octa.md) | -0.5% | +4.3% |
| DXY | 2022-12-01 | [Dollar index lowest since August as inflation moderates \| Reuters](https://feedsoft.ai/events/38417-dollar-index-lowest-since-august-as-inflation-moderates-reuters.md) | -0.6% | -1.5% |
| DXY | 2022-11-10 | [Dollar plunges as U.S. inflation data spurs exodus from crowded trade](https://feedsoft.ai/events/7559-dollar-plunges-as-u-s-inflation-data-spurs-exodus-from-crowded-trade.md) | -1.6% | -2.8% |

## Sources

- tmgm-asia.com: https://www.tmgm-asia.com/eng/analysis/market-news/article/us-dollar-index-dxy-dives-to-late-september-lows-near-10125-on-us-election-results-202611040523

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