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US dollar slides as Democrats win control of Congress, Currencies Direct says

By Public Technologies
  • The US dollar faced pressure as Democrats won both the House and Senate, taking control of Congress.
  • Sterling edged higher against weaker rivals as the UK and EU agreed to ease food trade restrictions.
  • October eurozone inflation data could support the euro by strengthening expectations for further European Central Bank monetary tightening.
  • The Canadian dollar initially strengthened before retreating with oil prices amid uncertainty over US-Iran diplomacy.
  • The New Zealand dollar hit multi-week lows as unemployment unexpectedly rose in the third quarter of 2026.


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 November 04, 2026, and is solely responsible for the information contained therein.

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