# Forex Today: Major pairs fail to break out after Fed, eyes on ECB and key US data

> Major currency pairs failed to break out after the Federal Reserve meeting, with Chair Warsh reiterating a commitment to price stability without signalling a rate increase. Markets priced about an 83% probability of a move.

- Date: 2026-10-29 · published 2026-10-29T18:06:03.236Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/1475-forex-today-major-pairs-fail-to-break-out-after-fed-eyes-on-ecb-and-key-us-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Firm US rate expectations support the dollar, which tends to pressure dollar-denominated grain and meal prices and affect importer demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-31 | [Forex Today: The RBA, US hard data and EMU flash CPI come to the fore](https://feedsoft.ai/events/25849-forex-today-the-rba-us-hard-data-and-emu-flash-cpi-come-to-the-fore.md) | -0.5% | -2.8% |
| DXY | 2021-06-15 | [FOREX-Dollar edges up after U.S. inflation data as traders await Fed outcome](https://feedsoft.ai/events/12552-forex-dollar-edges-up-after-u-s-inflation-data-as-traders-await-fed-outcome.md) | +1.7% | +1.8% |
| DXY | 2024-01-31 | [FXNEWS24 \|US Dollar Looks to Jobs Data After Fed; Setups on Gold, EUR/USD, USD/JPY, GBP/USD \| UK Forex Reviews](https://feedsoft.ai/events/32037-fxnews24-us-dollar-looks-to-jobs-data-after-fed-setups-on-gold-eur-usd-usd-jpy.md) | +0.3% | +0.4% |
| DXY | 2017-06-15 | [USD extends gains across the board after the data and - Forex Crunch](https://feedsoft.ai/events/10198-usd-extends-gains-across-the-board-after-the-data-and-forex-crunch.md) | +1.1% | -0.5% |
| DXY | 2023-05-11 | [Oil falls 2% on weak US and Chinese economic data \| Reuters](https://feedsoft.ai/events/36104-oil-falls-2-on-weak-us-and-chinese-economic-data-reuters.md) | +0.9% | +0.8% |
| EURUSD | 2023-01-29 | [Dollar clings to gains after US data; traders eye upcoming Fed meetings - The Business Times](https://feedsoft.ai/events/38005-dollar-clings-to-gains-after-us-data-traders-eye-upcoming-fed-meetings-the.md) | -0.3% | -2.4% |
| EURUSD | 2026-03-01 | [Euro weaker after report ECB chief to leave; dollar higher after data, Fed minutes](https://feedsoft.ai/events/20804-euro-weaker-after-report-ecb-chief-to-leave-dollar-higher-after-data-fed-minutes.md) | -1.8% | -2.6% |
| EURUSD | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.2% | +1.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-major-pairs-fail-to-break-out-after-fed-eyes-on-ecb-and-key-us-data-202610290739

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.