US Dollar Index DXY Weakens Below 101.50 Following Midterm Election Results

Key Facts

The US Dollar Index DXY is trading below 101.50 as downward pressure persists following the US midterm election results. FXStreet reported that the victory of the Democratic Party has weakened the Dollar's momentum, leading to significant technical breakdowns.

The index may slip further to the 101 level, with a potential decline toward 100.35 if that support is breached. This trend follows recent economic data where the ISM Services PMI reached 54.5 on November 4, 2026, and initial jobless claims were recorded at 194,000 in the previous report prior to November 5, 2026.

Market attention turns to the upcoming Nonfarm Payrolls and Unemployment Rate data scheduled for release on November 6, 2026. Several Federal Reserve officials, including Logan, Williams, and Bowman, are also set to deliver speeches on the same day.