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Gauch Research

FX Daily

Dollar steady into midterms as oil eases

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David Gauch
Nov 02, 2026
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The dollar starts a busy week near recent highs: midterm risk and the tech sell-off argue for caution, but solid US macro limits the downside.
Softer oil, as Washington signals more time for diplomacy with Iran, has lifted the euro this morning, but the broader picture still favours the dollar. Third-quarter growth was strong, inflation remains above tar…

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