# Euro: Strong data and vigilant ECB support EUR – BNY

> BNY's Geoff Yu says resilient eurozone data and a vigilant ECB now underpin the euro, leading the bank to dial back its bearish EUR/USD view. He notes strong manufacturing PMIs and sticky input cost inflation, and flags possible unwinding of EUR-funded carry trades that could force buying of the euro.

- Date: 2026-11-04 · published 2026-11-04T09:08:18.499Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/79475-euro-strong-data-and-vigilant-ecb-support-eur-bny
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer euro against the dollar lowers the dollar cost of European-priced feed ingredients and affects EU-US price competitiveness for meal and grain flows. The effect on feed commodity prices is indirect.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |
| EURUSD | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | -0.7% | -2.4% |
| EURUSD | 2017-08-30 | [Strong euro supports biodiesel prices despite falling veg oils  : The Daily Digest](https://feedsoft.ai/events/69542-strong-euro-supports-biodiesel-prices-despite-falling-veg-oils-the-daily-digest.md) | -0.7% | -2.3% |
| EURUSD | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | -0.4% | -2.0% |
| DXY | 2026-08-26 | [Euro: ECB tightening outlook offers support against US Dollar - BNY](https://feedsoft.ai/events/18099-euro-ecb-tightening-outlook-offers-support-against-us-dollar-bny.md) | +0.4% | +1.6% |
| DXY | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | +0.2% | +1.1% |
| DXY | 2026-02-05 | [ECB warns of stronger euro impact, holds rates](https://feedsoft.ai/events/20810-ecb-warns-of-stronger-euro-impact-holds-rates.md) | -0.7% | +1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-strong-data-and-vigilant-ecb-support-eur-bny-202611040723

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