Euro faces pressure as eurozone growth slows, Currencies Direct says

Bitget2026/10/30 08:55

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The euro faces downside risk as upcoming GDP figures are forecast to show sharply slower third-quarter eurozone growth.
ECB interest rates remained unchanged; Christine Lagarde’s announcement that she would step down as president in February weighed on euro sentiment.
US third-quarter GDP expanded 3.4%, supporting the dollar as economic resilience reinforced expectations of a Federal Reserve rate increase in December.
Sterling edged higher as UK 10-year gilt yields fell to their lowest levels in more than a month.
The Canadian dollar remained supported by the Bank of Canada’s rate hike, but potentially muted September GDP could weigh on gains.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Currencies Direct Ltd. published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Euro faces pressure as eurozone growth slows, Currencies Direct says

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