# Dollar plunges more than $15 and breaks below $970 after central bank minutes and Democratic win in US

> The Chilean dollar closed at $965.59 on November 4, down $15.1. Central bank minutes showed all five board members considered a 25 basis point hike plausible, and WTI fell 8.15% to $88.26 and Brent 8.11% to $95.20 on US-Iran talks progress.

- Date: 2026-11-04 · published 2026-11-05T00:11:17.109Z
- Category: macro · region Chile · magnitude low
- Page: https://feedsoft.ai/events/80720-dollar-plunges-more-than-15-and-breaks-below-970-after-central-bank-minutes-and
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The sharp oil drop and weaker global dollar lower import costs for Chile and reduce energy-driven pressure on feed and transport prices.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | +1.3% | +3.5% |
| WTI | 2024-05-23 | [USD: Fed minutes boost the dollar \| IG International](https://feedsoft.ai/events/30147-usd-fed-minutes-boost-the-dollar-ig-international.md) | -0.0% | +3.5% |
| WTI | 2022-06-16 | [Canadian dollar falls as global central bank tightening spooks investors - The Globe and Mail](https://feedsoft.ai/events/41175-canadian-dollar-falls-as-global-central-bank-tightening-spooks-investors-the.md) | -8.7% | -14.2% |
| WTI | 2023-10-04 | [Oil plunges $5 in biggest one-day drop in more than a year](https://feedsoft.ai/events/7360-oil-plunges-5-in-biggest-one-day-drop-in-more-than-a-year.md) | -3.7% | -8.8% |
| WTI | 2022-07-12 | [Brent crude settles below $100/bbl on higher dollar, weak demand outlook](https://feedsoft.ai/events/40661-brent-crude-settles-below-100-bbl-on-higher-dollar-weak-demand-outlook.md) | -1.5% | -12.2% |
| BRENT | 2022-12-15 | [Oil prices slid 2% as dollar firms and central banks hike interest rates](https://feedsoft.ai/events/38152-oil-prices-slid-2-as-dollar-firms-and-central-banks-hike-interest-rates.md) | -2.2% | +1.6% |
| BRENT | 2023-10-04 | [Oil plunges $5 in biggest one-day drop in more than a year](https://feedsoft.ai/events/7360-oil-plunges-5-in-biggest-one-day-drop-in-more-than-a-year.md) | -3.8% | -6.0% |
| BRENT | 2022-07-12 | [Brent crude settles below $100/bbl on higher dollar, weak demand outlook](https://feedsoft.ai/events/40661-brent-crude-settles-below-100-bbl-on-higher-dollar-weak-demand-outlook.md) | +0.7% | -9.8% |

## Sources

- cnnchile.com: https://www.cnnchile.com/negocios/dolar-cae-15-pesos-rompe-barrera-970-triunfo-democrata-eeuu-caida-petroleo/

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