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Gauch Research

FX Daily

Euro firms on ECB and GDP; dollar wary of midterms

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David Gauch
Oct 30, 2026
∙ Paid

A hawkish ECB hold and firmer eurozone growth keep the euro supported, while midterm caution leaves the dollar vulnerable into the weekend.
Yesterday's ECB hold carried a clear tightening bias, with a December hike firmly on the table, and this morning's eurozone third-quarter GDP beat expectations, even as France contracted. That leaves EUR/USD well pla…

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