# ECB holds rates steady, signals further hikes if inflation persists; Euro gains

> The ECB held rates steady and signaled possible further hikes if inflation persists. EUR/USD closed at 1.1176, up 0.19% on the day.

- Date: 2026-10-30 · published 2026-10-31T10:06:00.074Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/3021-ecb-holds-rates-steady-signals-further-hikes-if-inflation-persists-euro-gains
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Market expectations of a December ECB hike support the euro, which lowers the dollar-denominated cost of US commodities for European buyers and weighs on the dollar index.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-24 | [ECB holds rates steady: Why is the Euro rising?](https://feedsoft.ai/events/18562-ecb-holds-rates-steady-why-is-the-euro-rising.md) | +1.3% | +2.7% |
| EURUSD | 2026-03-19 | [VIEW ECB holds rates steady as Middle East war re-ignites inflation fears \| Reuters](https://feedsoft.ai/events/20371-view-ecb-holds-rates-steady-as-middle-east-war-re-ignites-inflation-fears.md) | +0.5% | +2.5% |
| EURUSD | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | +0.3% | -1.3% |
| EURUSD | 2023-10-31 | [Euro Holds Gains After Eurozone Inflation Comes In Below 3.0% But Core Remains 'Sticky'](https://feedsoft.ai/events/33841-euro-holds-gains-after-eurozone-inflation-comes-in-below-3-0-but-core-remains.md) | +1.2% | +3.3% |
| EURUSD | 2026-02-05 | [ECB warns of stronger euro impact, holds rates](https://feedsoft.ai/events/20810-ecb-warns-of-stronger-euro-impact-holds-rates.md) | +0.7% | -1.8% |
| DXY | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | -0.6% | -0.1% |
| DXY | 2026-07-29 | [Gold trims gain as Fed holds rates, signals hike support](https://feedsoft.ai/events/18264-gold-trims-gain-as-fed-holds-rates-signals-hike-support.md) | -0.9% | -2.0% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |

## Sources

- equiti.com: https://www.equiti.com/sc-en/news/trade-reviews/ecb-holds-rates-steady-signals-further-hikes-if-inflation-persists-euro-gains/

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