# London FX on the 4th: Euro hits one-month high against dollar, sterling also firm

> The euro reached about 1.1273 against the dollar, its highest in roughly a month, after Democrats secured majorities in both houses of Congress in the November 3 midterms. Sterling rose to around 1.35 dollars, its strongest in about six weeks, and the yen weakened against both currencies.

- Date: 2026-11-04 · published 2026-11-04T21:09:13.305Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/80476-london-fx-on-the-4th-euro-hits-one-month-high-against-dollar-sterling-also-firm
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness and falling US long-term yields support dollar-priced grain and meal values for non-US buyers, while a firm ADP jobs report limits the dollar's decline. Currency moves of this size affect the landed cost of imported feed ingredients.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-12-15 | [Sterling falls against dollar and euro on 'dovish' UK rate hike](https://feedsoft.ai/events/38477-sterling-falls-against-dollar-and-euro-on-dovish-uk-rate-hike.md) | -0.5% | +1.5% |
| EURUSD | 2021-09-02 | [Dollar lower after initial claims, euro at one-month high](https://feedsoft.ai/events/45269-dollar-lower-after-initial-claims-euro-at-one-month-high.md) | -0.2% | -2.3% |
| EURUSD | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | +0.7% | +1.3% |
| EURUSD | 2017-03-13 | [Euro firms to 1-month high after ECB rate hike talk; dollar drifts - The HinduBusinessLine](https://feedsoft.ai/events/72202-euro-firms-to-1-month-high-after-ecb-rate-hike-talk-dollar-drifts-the.md) | +0.7% | -0.5% |
| EURUSD | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | +3.8% | +4.7% |
| DXY | 2026-09-01 | [Sterling hits six-month high against fading dollar](https://feedsoft.ai/events/18143-sterling-hits-six-month-high-against-fading-dollar.md) | -0.6% | +2.1% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2016-11-02 | [Sterling hits 2-week high against broadly weaker dollar](https://feedsoft.ai/events/74072-sterling-hits-2-week-high-against-broadly-weaker-dollar.md) | -0.6% | +3.2% |

## Sources

- nikkei.com: https://www.nikkei.com/article/DGXZQOFL04BJ90U6A101C2000000/

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