# Forex Today: US jobs data in the limelight amid Midterms hangover

> The US dollar traded broadly lower on Wednesday, falling to about five-week lows as markets assessed the Democrats' midterm election victories. The DXY dropped near 101.00, while EUR/USD approached 1.1270 and GBP/USD briefly pierced 1.3500. Front-month WTI futures slipped toward $91 per barrel, near three-week lows.

- Date: 2026-11-04 · published 2026-11-04T21:08:04.155Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/80455-forex-today-us-jobs-data-in-the-limelight-amid-midterms-hangover
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker dollar supports dollar-priced commodities and can lift US export competitiveness for feed grains and meal. Lower crude prices reduce input costs for biofuels and freight, which tends to weigh on soyoil and corn-based ethanol margins.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-05-29 | [Forex Today: Risk flows dominate markets ahead of US data](https://feedsoft.ai/events/24937-forex-today-risk-flows-dominate-markets-ahead-of-us-data.md) | -0.8% | -1.9% |
| DXY | 2020-06-10 | [Forex Today: Fed sent the dollar  further lower — Octa](https://feedsoft.ai/events/52525-forex-today-fed-sent-the-dollar-further-lower-octa.md) | +0.8% | +0.8% |
| DXY | 2025-09-30 | [FX Today: Focus shifts to inflation in Europe and US ADP, ISM data](https://feedsoft.ai/events/23083-fx-today-focus-shifts-to-inflation-in-europe-and-us-adp-ism-data.md) | +0.1% | +0.4% |
| DXY | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | -0.6% | -2.0% |
| DXY | 2024-07-17 | [Sterling needs more than higher UK rates to stay in the fast lane](https://feedsoft.ai/events/29546-sterling-needs-more-than-higher-uk-rates-to-stay-in-the-fast-lane.md) | +0.5% | +0.2% |
| WTI | 2025-11-19 | [Canadian dollar falls the most in four months after key US data cancelled \| Reuters](https://feedsoft.ai/events/22180-canadian-dollar-falls-the-most-in-four-months-after-key-us-data-cancelled.md) | -5.1% | -8.5% |
| WTI | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +3.5% | -20.5% |
| WTI | 2024-05-03 | [Oil settles down on US jobs data, steepest weekly loss in 3 months \| Reuters](https://feedsoft.ai/events/7229-oil-settles-down-on-us-jobs-data-steepest-weekly-loss-in-3-months-reuters.md) | +0.4% | -3.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-us-jobs-data-in-the-limelight-amid-midterms-hangover-202611041819

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