# Forex Today: Post-election USD weakness persists, focus shifts to BoE rate call

> The USD Index slid toward 101.00 after Democrats won both chambers of Congress, while crude oil fell sharply on de-escalation hopes in the Middle East. ADP employment and ISM services data were stronger than expected, and the BoE was due to announce its rate decision.

- Date: 2026-11-05 · published 2026-11-05T09:08:24.401Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81455-forex-today-post-election-usd-weakness-persists-focus-shifts-to-boe-rate-call
- 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 and lower oil improve import affordability for feed buyers, but the dollar's direction depends on upcoming labour data and Fed expectations.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | -1.3% | -1.3% |
| DXY | 2025-11-27 | [Mexican Peso Strengthens on Persistent Dollar Weakness - Forex News by FX Leaders](https://feedsoft.ai/events/22164-mexican-peso-strengthens-on-persistent-dollar-weakness-forex-news-by-fx-leaders.md) | -0.5% | -1.5% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| WTI | 2020-10-30 | [USD/CAD Helped By Oil Weakness, But Election Anxiety Keeps a Lid - Currency Live](https://feedsoft.ai/events/50856-usd-cad-helped-by-oil-weakness-but-election-anxiety-keeps-a-lid-currency-live.md) | +7.3% | +26.5% |
| WTI | 2020-10-29 | [Latam FX fails to shake off virus, election worries \| Financial Post](https://feedsoft.ai/events/50920-latam-fx-fails-to-shake-off-virus-election-worries-financial-post.md) | +4.6% | +22.3% |
| WTI | 2023-07-18 | [Canada's inflation falls to 27-month low but underlying pressures persist \| Reuters](https://feedsoft.ai/events/35278-canada-s-inflation-falls-to-27-month-low-but-underlying-pressures-persist.md) | +6.2% | +11.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-post-election-usd-weakness-persists-focus-shifts-to-boe-rate-call-202611050750

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