# Euro Passes 56 Lira as Markets Await US Midterm Elections

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:14:38.146Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/76002-euro-passes-56-lira-as-markets-await-us-midterm-elections
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro strength against the dollar makes US-priced commodities marginally cheaper for euro buyers, while the ECB's tighter stance supports the currency.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-10-28 | [Euro Rises Against USD Amid Interest Rate Market Moves](https://feedsoft.ai/events/44755-euro-rises-against-usd-amid-interest-rate-market-moves.md) | -0.1% | -2.6% |
| EURUSD | 2023-06-15 | [European markets live updates: ECB rate decision, Fed rate decision](https://feedsoft.ai/events/35701-european-markets-live-updates-ecb-rate-decision-fed-rate-decision.md) | +0.9% | +3.5% |
| EURUSD | 2019-10-31 | [EUR/USD: Euro Advances As EZ GDP Defies Expectations - Currency Live](https://feedsoft.ai/events/56783-eur-usd-euro-advances-as-ez-gdp-defies-expectations-currency-live.md) | -0.4% | -0.9% |
| EURUSD | 2018-09-24 | [Euro rises sharply as ECB's Draghi views tighter labor market](https://feedsoft.ai/events/63251-euro-rises-sharply-as-ecb-s-draghi-views-tighter-labor-market.md) | -1.0% | -2.3% |
| EURUSD | 2026-04-30 | [Euro Rises to $1.17 as ECB Leaves Options Open](https://feedsoft.ai/events/19942-euro-rises-to-1-17-as-ecb-leaves-options-open.md) | +0.5% | -0.4% |

## Sources

- ntv.com.tr: https://www.ntv.com.tr/ntvpara/doviz/euro-56-lira-sinirini-gecti-piyasalar-abd-secimlerini-bekliyor-1749030

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