# Forex: Euro Rises

> The euro rose on Monday to around 1.1204 US dollars in the afternoon, up from slightly lower levels in early trade. The European Central Bank set its reference rate at 1.1216, compared with 1.1172 on Friday. Oil prices fell sharply as US President Trump prioritised diplomacy with Iran, and Fitch revised France's rating outlook to negative on Friday.

- Date: 2026-11-02 · published 2026-11-02T21:26:37.076Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/76197-forex-euro-rises
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices ease inflation expectations and weaken the dollar, since crude is priced in dollars, which supports the euro. For feed buyers, the drop in energy costs reduces pressure on freight and fertiliser inputs, though the currency move is modest.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | +0.0% | +1.0% |
| EURUSD | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | +2.4% | +4.3% |
| 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% |
| EURUSD | 2023-03-30 | [FOREX-Euro rises as inflation takes centre stage, bank fears recede \| Kitco News](https://feedsoft.ai/events/37075-forex-euro-rises-as-inflation-takes-centre-stage-bank-fears-recede-kitco-news.md) | +0.8% | +2.1% |
| EURUSD | 2017-11-14 | [Euro rises on strong economic growth in Germany](https://feedsoft.ai/events/68187-euro-rises-on-strong-economic-growth-in-germany.md) | +0.7% | +0.6% |
| WTI | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | +4.6% | +22.3% |
| WTI | 2020-04-28 | [2020-2022 Exchange Rate Forecasts: Pound-Dollar And Euro-Pound To Rise As USD Losses To Prevail](https://feedsoft.ai/events/53874-2020-2022-exchange-rate-forecasts-pound-dollar-and-euro-pound-to-rise-as-usd.md) | +65.3% | +179.6% |
| WTI | 2020-05-28 | [Ringgit eases against USD](https://feedsoft.ai/events/53392-ringgit-eases-against-usd.md) | +13.8% | +15.7% |

## Sources

- ad-hoc-news.de: https://www.ad-hoc-news.de/boerse/news/marktberichte/devisen-eurokurs-legt-zu/70446641

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