Euro faces pressure from slowing eurozone business growth, Currencies Direct says

Bitget2026/10/26 09:05

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The euro may face further pressure if Germany's IFO business climate index shows deteriorating confidence this month.
October's preliminary eurozone PMIs showed slower business growth, dampening expectations of an ECB interest rate hike later this week.
Sterling may remain subdued ahead of Wednesday's Autumn Budget following a larger-than-expected contraction in UK retail sales.
US dollar movement may be limited ahead of Wednesday's Federal Reserve interest rate decision amid a sparse economic calendar.
The Canadian dollar could surrender some of Friday's gains as oil prices retreat from their highs.

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 26, 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 from slowing eurozone business growth, Currencies Direct says

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