# Dollar slides as US election drives oil and Treasury yields lower; sterling gains - CNA

> The dollar fell to its lowest in over a month after Democrats won both chambers of Congress, pushing oil and Treasury yields lower. Analysts say the move reflects expectations that Trump will have less room for an aggressive agenda, including the Iran war and tariffs.

- Date: 2026-11-05 · published 2026-11-05T09:08:24.482Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/81456-dollar-slides-as-us-election-drives-oil-and-treasury-yields-lower-sterling
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [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

Lower oil reduces energy and freight costs, while a weaker dollar makes dollar-priced feed imports cheaper for non-US buyers. Analysts warn the moves may partly reflect positioning rather than a lasting trend.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2018-10-18 | [Ringgit snaps 2-day gaining streak to end lower vs US dollar \| FMT](https://feedsoft.ai/events/62789-ringgit-snaps-2-day-gaining-streak-to-end-lower-vs-us-dollar-fmt.md) | -4.3% | -19.3% |
| WTI | 2020-02-03 | [Canadian dollar slides to two-month low as China virus hits oil demand - The Globe and Mail](https://feedsoft.ai/events/54810-canadian-dollar-slides-to-two-month-low-as-china-virus-hits-oil-demand-the.md) | -2.4% | -9.3% |
| WTI | 2017-08-31 | [Dollar Maintaining Data Inspired Gains, Yen Broadly Lower as Risk Aversion Eased - ActionForex](https://feedsoft.ai/events/69643-dollar-maintaining-data-inspired-gains-yen-broadly-lower-as-risk-aversion-eased.md) | +6.8% | +12.3% |
| WTI | 2017-06-21 | [Colombia's peso slides against US dollar as global oil prices tumble \| The City Paper Bogotá](https://feedsoft.ai/events/70797-colombia-s-peso-slides-against-us-dollar-as-global-oil-prices-tumble-the-city.md) | +2.2% | +8.8% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |

## Sources

- au.investing.com: https://au.investing.com/news/forex-news/dollar-slides-as-us-election-drives-oil-and-treasury-yields-lower-sterling-gains-4745659
- ca.investing.com: https://ca.investing.com/news/forex-news/dollar-slides-as-us-election-drives-oil-and-treasury-yields-lower-sterling-gains-4932934
- live.euronext.com: https://live.euronext.com/en/financial-news/dollar-slides-us-election-drives-oil-and-treasury-yields-lower-sterling-gains
- channelnewsasia.com: https://www.channelnewsasia.com/business/dollar-slides-us-election-drives-oil-and-treasury-yields-lower-sterling-gains-6525976
- investing.com: https://www.investing.com/news/forex-news/dollar-edges-lower-as-us-election-outcome-cheers-global-markets-5001958

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