US midterm election uncertainty weighs on dollar outlook, Currencies Direct says
Bitget2026/11/02 09:08- US midterm election uncertainty could weaken the dollar and increase volatility in coming days, despite support from risk aversion.
- Sterling reached its strongest levels since mid-September as UK government borrowing costs fell following Wednesday's budget.
- Caution ahead of Thursday's Bank of England rate decision may temper sterling sentiment.
- The euro faces pressure from sharply weaker German retail sales in September, despite resilient third-quarter eurozone growth.
- Canada's dollar risks further losses if oil prices keep retreating, reversing support from Friday's roughly 2.5% crude rally.
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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