Currency markets began the week with traders cautious ahead of the U.S. midterm elections and a series of economic releases. The dollar was broadly steady as investors considered the possible effect of the vote on fiscal policy, trade relations and the balance of power in Congress.
Reuters reported that the dollar index was near 101.94 in early Asian trading on Monday. The euro was close to $1.1159, while sterling was little changed around $1.3387. These are market snapshots from the reported session and can change throughout the day.
The currency outlook is also linked to interest-rate expectations. The October employment report and other data may influence views about the Federal Reserve, while policy decisions in other major economies can shift relative yields and currency demand.
Investors should remember that exchange rates respond to several factors at once, including bond yields, growth expectations, political risk and safe-haven flows. A quiet session before a major event does not necessarily indicate that volatility has disappeared.
Source: Reuters, November 2, 2026 — https://www.marketscreener.com/news/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist-ce785fd8dd8ff523
