# Euro rises to near 1.1250, US midterm elections in spotlight

> EUR/USD edged up to about 1.1240 in early Asian trading on Wednesday as US midterm election uncertainty weighed on the dollar. ECB Governing Council member Joachim Nagel said the central bank will probably raise rates next month due to a worsening inflation outlook.

- Date: 2026-11-04 · published 2026-11-04T03:07:54.118Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78994-euro-rises-to-near-1-1250-us-midterm-elections-in-spotlight
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger euro and expectations of ECB tightening affect dollar-denominated commodity pricing and European feed import costs only indirectly. The effect on grain and meal prices is limited compared with energy and currency-wide moves.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-08-28 | [EUR/USD ticks up to near 1.1650, French risks might cap upside](https://feedsoft.ai/events/23536-eur-usd-ticks-up-to-near-1-1650-french-risks-might-cap-upside.md) | +0.3% | +0.5% |
| 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 | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | +2.0% | +2.9% |
| 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 | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | -0.2% | -2.3% |
| DXY | 2025-08-28 | [EUR/USD ticks up to near 1.1650, French risks might cap upside](https://feedsoft.ai/events/23536-eur-usd-ticks-up-to-near-1-1650-french-risks-might-cap-upside.md) | +0.0% | -0.2% |
| DXY | 2020-11-26 | [Euro rises to near 3-month high as US dollar falls - The Business Times](https://feedsoft.ai/events/50370-euro-rises-to-near-3-month-high-as-us-dollar-falls-the-business-times.md) | -1.2% | -1.5% |
| DXY | 2022-10-03 | [Euro rises amid record inflation in Europe](https://feedsoft.ai/events/9332-euro-rises-amid-record-inflation-in-europe.md) | -0.2% | +0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-rises-to-near-11250-us-midterm-elections-in-spotlight-202611040126

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