# EUR/USD Slides to 17-Month Low as France Shrinks and ECB Holds

> 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.

- Date: 2026-11-02 · published 2026-11-02T09:09:35.101Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/75244-eur-usd-slides-to-17-month-low-as-france-shrinks-and-ecb-holds
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | -1.4% | -1.6% |
| EURUSD | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | -0.6% | +0.5% |
| EURUSD | 2025-08-27 | [EUR/USD slips to 1.1630 as Fed drama fades, France risk grows](https://feedsoft.ai/events/23537-eur-usd-slips-to-1-1630-as-fed-drama-fades-france-risk-grows.md) | +0.2% | +0.7% |
| EURUSD | 2026-10-02 | [Euro sinks to 17-month low – Lagarde calls for a 'measured' ECB approach](https://feedsoft.ai/events/9650-euro-sinks-to-17-month-low-lagarde-calls-for-a-measured-ecb-approach.md) | -0.4% | -0.6% |
| EURUSD | 2026-06-18 | [Euro Slumps to 2-1/2-Month Low](https://feedsoft.ai/events/11514-euro-slumps-to-2-1-2-month-low.md) | -1.8% | -1.3% |

## Sources

- vantagemarkets.com: https://www.vantagemarkets.com/market-analysis/why-eur-usd-slid-17-month-low-france-ecb-november-2-2026/
- vantagemarkets.co.uk: https://www.vantagemarkets.co.uk/market-analysis/why-eur-usd-slid-17-month-low-france-ecb-november-2-2026/

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