# Euro edges higher as Iran diplomacy hopes weigh on USD, PMIs in focus

> The euro edged higher against the dollar on Monday near 1.1150 as hopes for Middle East diplomacy weighed on the safe-haven USD. Iranian and Qatari mediators held talks on ending the US-Israeli war on Iran, and Iran proposed a 48-hour plan to reopen the Strait of Hormuz.

- Date: 2026-11-02 · published 2026-11-02T03:08:57.516Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/74670-euro-edges-higher-as-iran-diplomacy-hopes-weigh-on-usd-pmis-in-focus
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves here are driven by geopolitical de-escalation hopes, which lower the oil risk premium and may ease energy-driven costs for feed producers. A stronger euro and softer dollar can marginally support dollar-denominated commodity prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-22 | [Dollar dips in choppy trade as investors weigh Ukraine scenarios \| Reuters](https://feedsoft.ai/events/9836-dollar-dips-in-choppy-trade-as-investors-weigh-ukraine-scenarios-reuters.md) | -0.9% | -2.5% |
| EURUSD | 2022-03-09 | [Euro surges as oil prices ease and investors embrace risk](https://feedsoft.ai/events/9523-euro-surges-as-oil-prices-ease-and-investors-embrace-risk.md) | +0.9% | +0.4% |
| EURUSD | 2022-03-11 | [Euro rises as Putin sees 'positive shifts' in talks](https://feedsoft.ai/events/9529-euro-rises-as-putin-sees-positive-shifts-in-talks.md) | +0.9% | -1.0% |
| EURUSD | 2017-04-24 | [Macron emerges on top as France urged to reject Le Pen \| CNN](https://feedsoft.ai/events/9729-macron-emerges-on-top-as-france-urged-to-reject-le-pen-cnn.md) | +1.9% | +4.6% |
| EURUSD | 2026-01-22 | [EUR/USD rallies above 1.1740 as easing trade tensions weaken Dollar](https://feedsoft.ai/events/7347-eur-usd-rallies-above-1-1740-as-easing-trade-tensions-weaken-dollar.md) | +2.0% | +0.5% |
| DXY | 2026-01-27 | [Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks](https://feedsoft.ai/events/21231-crude-prices-jump-to-a-3-month-high-on-dollar-weakness-and-iran-risks.md) | +0.3% | -0.1% |
| DXY | 2026-04-10 | [Dollar set for weekly drop ahead of US-Iran peace talks](https://feedsoft.ai/events/11159-dollar-set-for-weekly-drop-ahead-of-us-iran-peace-talks.md) | -0.5% | -0.7% |
| DXY | 2026-04-14 | [Oil Down 3% as New US-Iran Talks Seen](https://feedsoft.ai/events/10136-oil-down-3-as-new-us-iran-talks-seen.md) | -0.6% | -0.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-edges-higher-as-iran-diplomacy-hopes-weigh-on-the-usd-french-debt-worries-cap-gains-202611020117

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