Gauch Research

Gauch Research

FX Daily

ECB on hold, US data to steady the dollar

Oct 29, 2026
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The ECB should hold without a dovish turn, leaving US data to set the tone for the dollar.
The dollar slipped after the Fed's hold, but the message was still hawkish: inflation remains elevated, growth is strong and a December hike stays in play. We see little follow-through. September core PCE and a firm third-quarter GDP print this afternoon should giv…

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