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The euro rose above 1.12 against the dollar, recovering from 17-month lows, and the lira-denominated euro reached 56.10. ECB held rates on Thursday, and Lagarde confirmed that a rate hike was discussed.
Euro strength against the dollar makes US-priced commodities marginally cheaper for euro buyers, while the ECB's tighter stance supports the currency.
ntv.com.trNov 2, 2026After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% 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.
