# Euro strengthens above 1.1150 as Eurozone GDP beats forecasts, US midterm election looms

> EUR/USD traded near 1.1175 on Monday after Eurozone Q3 GDP grew 0.4% QoQ, above the 0.2% expected, and German GDP rose 0.2%. Fitch revised France's outlook to negative from stable, citing worsening fiscal conditions.

- Date: 2026-11-02 · published 2026-11-02T06:08:56.148Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/74923-euro-strengthens-above-1-1150-as-eurozone-gdp-beats-forecasts-us-midterm
- 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 in the euro and dollar affect the relative competitiveness of US feed grain and meal exports and the dollar-denominated price of commodities; a firmer euro modestly supports dollar-priced feed demand from Europe.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-31 | [EUR/USD Price Forecast — Euro (1.1501) Holds 1.15 as Eurozone GDP Doubles Forecast at 0.4% and HICP Hits 2.9%](https://feedsoft.ai/events/18563-eur-usd-price-forecast-euro-1-1501-holds-1-15-as-eurozone-gdp-doubles-forecast.md) | -0.0% | +1.1% |
| EURUSD | 2024-07-29 | [EUR/USD extends upside above 1.0850, eyes on Eurozone GDP, Fed rate decision — Octa](https://feedsoft.ai/events/29487-eur-usd-extends-upside-above-1-0850-eyes-on-eurozone-gdp-fed-rate-decision-octa.md) | +0.5% | +2.9% |
| EURUSD | 2019-06-06 | [Forex Market: Euro strengthens after ECB dashes dovish hopes](https://feedsoft.ai/events/58806-forex-market-euro-strengthens-after-ecb-dashes-dovish-hopes.md) | +0.6% | +0.3% |
| EURUSD | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | +0.5% | -1.0% |
| EURUSD | 2022-03-30 | [Euro rises vs dollar as eurozone inflation fans rate hike expectations \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/42468-euro-rises-vs-dollar-as-eurozone-inflation-fans-rate-hike-expectations-money.md) | -1.6% | -4.0% |
| DXY | 2026-07-31 | [EUR/USD Price Forecast — Euro (1.1501) Holds 1.15 as Eurozone GDP Doubles Forecast at 0.4% and HICP Hits 2.9%](https://feedsoft.ai/events/18563-eur-usd-price-forecast-euro-1-1501-holds-1-15-as-eurozone-gdp-doubles-forecast.md) | -0.1% | -1.1% |
| DXY | 2024-07-29 | [EUR/USD extends upside above 1.0850, eyes on Eurozone GDP, Fed rate decision — Octa](https://feedsoft.ai/events/29487-eur-usd-extends-upside-above-1-0850-eyes-on-eurozone-gdp-fed-rate-decision-octa.md) | -0.2% | -1.8% |
| DXY | 2019-06-06 | [Forex Market: Euro strengthens after ECB dashes dovish hopes](https://feedsoft.ai/events/58806-forex-market-euro-strengthens-after-ecb-dashes-dovish-hopes.md) | -0.5% | -1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-strengthens-above-11150-as-eurozone-gdp-beats-forecasts-us-midterm-election-looms-202611020524

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