# EUR/USD Outlook: Could a Weaker US Dollar Pave the Way for Further Gains?

> EUR/USD is approaching 1.1250 as the dollar fell to a one-month low and US Treasury yields declined following the Democratic midterm victory. The commentary argues that the move reflects a higher political risk premium rather than the start of a sustained US downturn.

- Date: 2026-11-04 · published 2026-11-04T12:08:12.165Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79610-eur-usd-outlook-could-a-weaker-us-dollar-pave-the-way-for-further-gains
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness driven by political risk could ease pressure on dollar-denominated commodity prices, though the effect depends on whether economic catalysts sustain the trend.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-03-23 | [EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook](https://feedsoft.ai/events/11349-eur-usd-fed-unlimited-qe-sees-euro-gains-but-nordea-unwilling-to-call-for.md) | +3.5% | +1.9% |
| EURUSD | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | -1.2% | -1.0% |
| EURUSD | 2025-03-26 | [Why do we expect further weakening of the US dollar? - AP Institutional \| Invesco](https://feedsoft.ai/events/25776-why-do-we-expect-further-weakening-of-the-us-dollar-ap-institutional-invesco.md) | -0.0% | +6.1% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2024-08-02 | [EUR/USD outlook: Surges on much weaker than expected US NFP numbers](https://feedsoft.ai/events/9283-eur-usd-outlook-surges-on-much-weaker-than-expected-us-nfp-numbers.md) | +1.2% | +2.8% |
| DXY | 2020-03-23 | [EUR/USD: FED Unlimited QE Sees Euro Gains But Nordea Unwilling To Call For Weaker Dollar Outlook](https://feedsoft.ai/events/11349-eur-usd-fed-unlimited-qe-sees-euro-gains-but-nordea-unwilling-to-call-for.md) | -2.0% | -1.7% |
| DXY | 2026-01-30 | [Why the US dollar hit a four-year low and could fall further](https://feedsoft.ai/events/21238-why-the-us-dollar-hit-a-four-year-low-and-could-fall-further.md) | +0.9% | +0.3% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |

## Sources

- investing.com: https://www.investing.com/analysis/eurusd-outlook-could-a-weaker-us-dollar-pave-the-way-for-further-gains-200690845

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