Dollar Edges Lower

2026-11-02 02:39 By Jam Kaimo Samonte 1 min. read

The US dollar index fell to around 101.7 on Monday, extending recent losses as investors turned their attention to major US economic releases that could shape expectations for the Federal Reserve’s monetary policy outlook.

Market participants are awaiting the crucial October jobs report, along with the ISM manufacturing and services surveys.

Several Fed officials are also scheduled to deliver remarks, which may provide further insight into the central bank’s next policy decision.

Last week, the Fed kept interest rates unchanged as widely expected, while markets are currently pricing in approximately a 75% probability of a rate hike in December.

On the geopolitical front, oil prices retreated following reports that President Donald Trump intends to allow more time for diplomatic efforts as the midterm elections approach.

Elsewhere, the selloff in AI-related stocks appeared to ease following Friday’s sharp decline, reducing demand for safe-haven assets.



News Stream
Dollar Lower to Start November
The US dollar index traded lower around 101.6 at the start of November, extending its losing streak to a fourth consecutive session, following a modest 0.4% gain in October. Investors are bracing for an event-packed week, with the US midterm elections, the jobs report and interest rate decisions from central banks in the UK, Australia, Norway and Sweden in focus. The dollar also came under pressure from falling oil prices, amid growing hopes for a diplomatic resolution to the US-Iran conflict. Meanwhile, markets continue to price in another 25bps Fed rate hike in December, with the probability of such a move holding at around 75%. Last week, the Fed left interest rates unchanged, as widely expected. In contrast, the Bank of England, the Reserve Bank of Australia and Sweden's Riksbank are expected to raise interest rates this week.
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2026-11-02
Dollar Edges Lower
The US dollar index fell to around 101.7 on Monday, extending recent losses as investors turned their attention to major US economic releases that could shape expectations for the Federal Reserve’s monetary policy outlook. Market participants are awaiting the crucial October jobs report, along with the ISM manufacturing and services surveys. Several Fed officials are also scheduled to deliver remarks, which may provide further insight into the central bank’s next policy decision. Last week, the Fed kept interest rates unchanged as widely expected, while markets are currently pricing in approximately a 75% probability of a rate hike in December. On the geopolitical front, oil prices retreated following reports that President Donald Trump intends to allow more time for diplomatic efforts as the midterm elections approach. Elsewhere, the selloff in AI-related stocks appeared to ease following Friday’s sharp decline, reducing demand for safe-haven assets.
2026-11-02