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Gauch Research

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Midterms in focus; dovish hike hits the Aussie

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David Gauch
Nov 03, 2026
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Midterms dominate today: a Democratic sweep could dent the dollar briefly, but the Fed story should keep any slide shallow.
Voters elect the full House and a third of the Senate today. A Democratic House is largely priced; the Senate is closer. A clean sweep could weigh on the dollar through gridlock risk over government funding and the debt ceiling, and…

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