Potential Democratic Sweep in Midterms Could Weigh on Dollar -- Market Talk

Dow Jones2026/11/03 08:38

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

0838 GMT - The prospect of a Democratic sweep in Tuesday's U.S. midterm elections could put some pressure on the dollar, ING's Francesco Pesole says in a note. "Fears of tougher regulation could weigh on AI stocks (we've recently seen how that can hit the dollar), while markets could price in greater risks of decision-making gridlock around issues such as government funding and the debt ceiling." However, that's unlikely to be enough to trigger a structural directional shift in the dollar, he says. The dollar continues to respond to Federal Reserve interest-rate expectations which shouldn't face an immediate and direct impact from the midterms, he says. The DXY dollar index falls 0.1% to 101.699. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

November 03, 2026 03:38 ET (08:38 GMT)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.

华尔街见闻•2026/11/07 07:31