
EUR/USD is trying to find support around 1.1200 after a strong start to the week. ING expects a Democratic sweep in the US midterms to have limited effect on the pair.
Recent ECB commentary has been hawkish, pointing to at least one more rate hike, while elevated French spreads and energy prices keep a risk premium in the euro.
Hawkish ECB signals and persistent energy-driven inflation support the euro against the dollar, which affects the cost of dollar-priced feed imports for European buyers. Oil price moves remain the main swing factor for the currency.
After 129 past neutral macro events, EURUSD moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), 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.