# Euro: Rebound toward 1.1275 in focus against US Dollar - Scotiabank

> Scotiabank reports the euro slightly lower against the dollar as ECB officials keep a hawkish stance and a December hike remains priced. The bank sees EUR/USD heading toward the 1.1275 ceiling after a rebound from support near 1.11.

- Date: 2026-11-03 · published 2026-11-04T03:07:54.201Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/78995-euro-rebound-toward-1-1275-in-focus-against-us-dollar-scotiabank
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency moves of this size have minimal direct effect on feed commodity prices. Persistent European energy costs and ECB tightening are the more relevant backdrop for European feed demand.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-11-14 | [ECB Bond-Buying Weakened Euro 12% Against Dollar, Study Finds - Bloomberg](https://feedsoft.ai/events/62237-ecb-bond-buying-weakened-euro-12-against-dollar-study-finds-bloomberg.md) | +0.9% | +0.6% |
| EURUSD | 2022-11-23 | [Euro vs US dollar: Long-term uncertainty amid interest differential](https://feedsoft.ai/events/38895-euro-vs-us-dollar-long-term-uncertainty-amid-interest-differential.md) | +0.5% | +3.1% |
| EURUSD | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | 0.0% | +0.7% |
| EURUSD | 2020-12-09 | [ECB Euro Cheat Sheet: Weak Dollar Trend Makes It More Difficult To Reverse EUR/USD Gains](https://feedsoft.ai/events/49862-ecb-euro-cheat-sheet-weak-dollar-trend-makes-it-more-difficult-to-reverse-eur.md) | +0.4% | +1.2% |
| EURUSD | 2021-08-17 | [There’s a non-pandemic catalyst set to drive the dollar, pound and euro for the rest of 2021 - MarketWatch](https://feedsoft.ai/events/45808-there-s-a-non-pandemic-catalyst-set-to-drive-the-dollar-pound-and-euro-for-the.md) | -0.4% | +0.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-rebound-toward-11275-in-focus-against-us-dollar-scotiabank-202611031920
- tmgm.com: https://www.tmgm.com/en/analysis/market-news/article/euro-rebound-toward-11275-in-focus-against-us-dollar-scotiabank-202611031920

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