# Euro extends gains nearing four-week highs amid hot Eurozone Inflation figures

> EUR/USD rose toward four-week highs near 1.128 after preliminary data showed Eurozone consumer inflation hit 4% in October, a three-year high. The dollar weakened after Democrats won control of both chambers of Congress in the US midterm elections.

- Date: 2026-11-04 · published 2026-11-04T12:08:11.955Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79607-euro-extends-gains-nearing-four-week-highs-amid-hot-eurozone-inflation-figures
- 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 and weaker dollar change the relative price of dollar-priced commodities for European and other non-US buyers, and hot euro inflation raises expectations of further ECB tightening.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.2% | -1.6% |
| EURUSD | 2023-10-31 | [Euro Holds Gains After Eurozone Inflation Comes In Below 3.0% But Core Remains 'Sticky'](https://feedsoft.ai/events/33841-euro-holds-gains-after-eurozone-inflation-comes-in-below-3-0-but-core-remains.md) | +1.2% | +3.3% |
| EURUSD | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | +0.5% | -1.0% |
| 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 | 2021-08-31 | [Euro Looks for Direction on Red-Hot Inflation Ahead of ECB Meeting](https://feedsoft.ai/events/45764-euro-looks-for-direction-on-red-hot-inflation-ahead-of-ecb-meeting.md) | +0.5% | -1.0% |
| DXY | 2021-09-01 | [Euro holds near one-month high after inflation jolt \| Reuters](https://feedsoft.ai/events/45265-euro-holds-near-one-month-high-after-inflation-jolt-reuters.md) | +0.1% | +1.4% |
| DXY | 2021-08-31 | [What Does the Higher Eurozone Inflation Have in Store for the EUR/USD?](https://feedsoft.ai/events/45766-what-does-the-higher-eurozone-inflation-have-in-store-for-the-eur-usd.md) | -0.2% | +0.9% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-extends-gains-nearing-four-week-highs-amid-hot-eurozone-inflation-figures-202611041052

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