Dow Jones futures advance 0.4% to trade around 52,100 during the European hours on Wednesday. Meanwhile, S&P 500 futures gain 0.15% to trade around 7,610 and Nasdaq 100 futures rise 0.14% to trade around 28,340.

The US Dollar (USD) underperforms its major currency peers on Wednesday due to the victory of United States (US) Democrats in both houses of Federal law.

Rabobank's Senior FX Strategist Jane Foley discusses how the Democrat sweep in Congress initially weighed on the Dollar and Nasdaq futures, but both quickly pared losses.

Commerzbank’s Volkmar Baur argues that a strong Democratic performance in US elections has triggered initial Dollar weakness versus the Euro and could dampen US Treasuries yields and equities, especially tech-heavy stocks.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, comes under intense selling pressure during the Asian session on Wednesday, dropping to its lowest level since late September as early US midterm election results heightened political uncertainty.

Gains in chip stocks have lifted the Nasdaq Composite and S&P 500 after three losing sessions, while the Dow Jones Industrial Average is moving the other way. It has given back all of Monday's gain and is trading near 51,700, just below Friday's close.

Commerzbank’s Norman Liebke argues that the US midterm elections are only one factor for the Dollar, with institutional and geopolitical risks also in focus.

The US Dollar shows a mild bullish tone against most of its main peers on Tuesday as fresh hostilities in Iran cast doubt over a peace process and boost Oil prices, while uncertainty about the US midterm elections keeps rallies limited so far.

ING strategists argue that the US Dollar’s reaction to the midterm elections should be short-lived. They see some short-term downside risk if Democrats win both chambers, mainly via regulation concerns and gridlock fears, but stress that the Federal Reserve narrative remains dominant.

Dow Jones futures decline 0.5% to trade around 51,880 during the European hours on Tuesday. Meanwhile, S&P 500 futures lose 0.15% to trade around 7,560 and Nasdaq 100 futures remain steady around 28,140.

Danske Research Team highlights that US midterm elections are held today, with tentative results due Wednesday and final outcomes potentially taking weeks. Prediction markets currently favor Democrats for the House and give them a strong chance in the Senate.

Investors sold tech after Oracle (ORCL) filed to raise $20 billion for artificial intelligence (AI) and bought the industrial and retail names that fill the Dow Jones Industrial Average.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar weakened alongside short-term Treasury yields as Fed Chair Kevin Warsh’s patient stance on inflation and concerns over slowing AI investment weighed on rate hike expectations.

DBS Group Research economist Philip Wee notes that the Dollar Index slipped back below 102 following the October 28 FOMC meeting, with US GDP and PCE data failing to revive USD momentum.

HSBC’s FX Viewpoint, dated 2 November 2026, reviews the latest FOMC decision and its implications for the Dollar. The Federal Reserve kept rates at 3.75-4.00% but signalled that a December hike remains possible as US economic activity is described as strong and inflation elevated. HSBC maintains its strong USD view into 2027, while warning that the path may be volatile.

The US Dollar (USD) has retraced most of its previous losses on Monday, but remains on the defensive with investors wary of holding large US Dollar longs ahead of the US midterm elections, while growing concerns about an AI bubble pose an additional threat.

MUFG’s Lee Hardman highlights US mid-term election risks, with a potential Republican loss of Congress seen as dampening Dollar strength. A less hawkish Fed, lower US Treasury yields and pressure on US AI-related equities add downside risks for the Dollar.

Dow Jones futures gain 0.25% to trade around 52,050 during the European hours on Monday. Meanwhile, S&P 500 futures advance 0.37% to trade around 7,640 and Nasdaq 100 futures rise over 70% to near 28,750.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on Friday's modest bounce from the 101.60 region and attracts fresh sellers at the start of a new week.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after posting modest gains in the previous day and trading near 102.00 during Asian hours on Monday.

The US Dollar Index (DXY) loses ground for a third straight day on Friday as a sell-off in technology stocks drives investors toward government bonds, pushing Treasury yields lower and weighing on the Greenback. Next week’s US midterm elections add to the cautious mood.

Commerzbank’s Michael Pfister highlights that robust US Gross Domestic Product (GDP) growth of 3.4% annualised in Q3 reinforces the case for a stronger Dollar versus other G10 currencies.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the post-FOMC retracement slide for the third straight day, dropping to the lower end of its weekly range on Friday.

ING’s Francesco Pesole notes that recent pressure on US tech stocks has supported Treasuries and modestly weighed on the Dollar, though underlying demand remains intact with hawkish US data and a still-alert Federal Reserve.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the third successive day and trading near 101.70 during Asian hours on Friday.

OCBC’s Sim Moh Siong and Christopher Wong note that the Federal Reserve’s pause keeps the Dollar supported but limits sustained upside. They expect a final 25bp hike in December, while underlying inflation and global policy moves, including an ECB hold, shape the outlook.

Brown Brothers Harriman’s Elias Haddad notes the Dollar has partly recovered after the FOMC kept the Fed funds range at 3.75–4.00% in a 10–2 vote, with dissenters favoring a hike. Warsh’s press conference signaled little urgency to tighten, yet December odds remain high. Upcoming US PCE and GDP data will gauge the Fed’s scope to stay patient and sustain USD-supportive rate differentials.

MUFG’s Lee Hardman notes the US Dollar is trading modestly weaker after the FOMC left rates unchanged but signalled more caution on further hikes. Despite two hawkish dissenters, the overall tone and recognition of tighter financial conditions support MUFG’s view of only one more Fed hike.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after posting modest losses the previous day and trading near 102.30 during European hours on Thursday.

US stock futures showed mixed results during European trading hours on Thursday. Dow Jones futures gained 0.37% to trade near 52,890, while S&P 500 futures fell 0.38% to around 7,750 and Nasdaq 100 futures lost 1.2% to near 29,620.