# [US midterms] Pressure on US rates and exchange rate; Bank of Korea may pause after November hike

> Democrats' apparent control of both US chambers is expected to limit Trump's fiscal expansion, reducing pressure on US Treasury yields and the dollar. The US 10-year yield fell 6 basis points to 4.90% and the DXY dropped 0.2% on election day, and markets expect the Bank of Korea to raise its rate to 3.25% on November 26.

- Date: 2026-11-04 · published 2026-11-04T18:09:32.928Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/80090-us-midterms-pressure-on-us-rates-and-exchange-rate-bank-of-korea-may-pause
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US yields and a softer dollar tend to support dollar-priced agricultural commodities and ease import costs for Asian feed buyers. The effect on feed prices is modest and mainly through currency channels.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-15 | [European Central Bank hikes rates again and vows more after US Fed hits pause \| AP News](https://feedsoft.ai/events/35700-european-central-bank-hikes-rates-again-and-vows-more-after-us-fed-hits-pause.md) | -0.0% | -1.5% |
| 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 | 2025-05-30 | [Foreign exchange rates on May 30, 2025: USD reverses course and falls slightly.](https://feedsoft.ai/events/24987-foreign-exchange-rates-on-may-30-2025-usd-reverses-course-and-falls-slightly.md) | -0.5% | -1.6% |
| DXY | 2024-10-03 | [Sterling plunges 1% after Bank of England governor's comments on rates](https://feedsoft.ai/events/28097-sterling-plunges-1-after-bank-of-england-governor-s-comments-on-rates.md) | +1.1% | +2.7% |
| DXY | 2025-12-19 | [On the afternoon of December 19th, the free market USD exchange rate dropped rapidly, falling below 27,000 VND.](https://feedsoft.ai/events/21833-on-the-afternoon-of-december-19th-the-free-market-usd-exchange-rate-dropped.md) | -0.5% | -0.5% |

## Sources

- fnnews.com: https://www.fnnews.com/news/202611041805229155

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