The U.S. dollar fell to its lowest level in more than a month in early Wednesday trading after the Democratic Party's sweeping midterm victory, which could slow investment in AI and data centers over the coming months.
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US dollarDXYexchange ratesmidterm elections
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: high
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 101.86 |
| Change that session | +0.06% |
EUR/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 1.11919 |
| Change that session | +0.04% |
USD/JPY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 158.713 |
| Change that session | +0.47% |
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 1.34151 |
| Change that session | +0.06% |
USD/CHF
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 0.82091 |
| Change that session | +0.27% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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U.S. index futures were mixed overnight after the Dow closed 3% higher and the S&P 500 gained 1.58% on Wednesday, as Democrats won control of both the Senate and the House in the Nov. 3 midterm elections. AI-linked and data-center stocks fell on concerns about tighter AI rules and slower buildouts: Nvidia dropped 3%, Micron 7%, Sandisk nearly 8%, and Nebius more than 6%. Yorkville Advisors partner Dan Ives said the shift will slow the pace of AI buildout in the US, while Fundstrat's Tom Lee called the tech selloff a 'knee-jerk reaction' and said tech stocks could rally 15–20%. Oil fell as expectations for an end to the Iran war rose, with Brent at $93.91 a barrel and WTI at $87.24. IREN drew attention after The Information reported that Microsoft's lower-than-expected AI data center spending was partly caused by delays from the Australian cloud infrastructure provider.
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Domestic gold ring prices rose 2.5–4.6 million VND per tael this morning, bringing prices back to a one-week high. SJC and PNJ gold bars were quoted at 141.5 million VND per tael to buy and 144.5 million to sell, both up 3.3 million VND per tael from the previous morning. On the international market, gold on Kitco was at 4,061 USD per ounce, up 134 USD compared with early morning the previous day. Prices were supported as the US dollar and US government bond yields fell after the Democratic Party won control of both chambers of Congress. The article notes, however, that policy uncertainty has increased, with investors watching US-Iran tensions, AI investment flows, inflation and US public debt.
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