Dollar Stays Weaker After Democratic Sweep -- Market Talk
Dow Jones2026/11/05 07:540754 GMT - The dollar remains under pressure after falling to a one-month low Wednesday following a sharp fall in oil prices and the Democratic sweep in midterm elections. Brent crude dropped to $93.22 per barrel, its lowest level since early September on Wednesday, on growing hopes for a resolution to the Iran war. Meanwhile, concerns that Democratic victory could result in a slowing in AI investment and reduce the prospect of additional fiscal stimulus raised concerns about weaker U.S. economic growth, hitting the dollar. The DXY dollar index falls 0.2% to 101.413, having reached as low as 101.099 Wednesday.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
November 05, 2026 02:54 ET (07:54 GMT)
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