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EUR/USD touched about 1.1105 on 29 October, its lowest level since May 2025, after the ECB held its deposit rate at 2.50%. The pair recovered near 1% after ECB President Lagarde said a hike had been debated, and traders priced an 84% chance of a December move.
The euro finished October down more than 1%, with French fiscal weakness weighing on sentiment.
A weaker euro makes US-priced commodities cheaper for euro-zone buyers and can encourage import demand, while also shifting competitiveness for EU feed and meal exports. The currency move is a factor for buyers to watch alongside the rate outlook.
vantagemarkets.comVantage Editorial Team >Nov 2, 2026
vantagemarkets.co.ukVantage Editorial Team >Nov 3, 2026After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
