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EUR/USD traded near 1.1265 in Asian trade, gaining for a second day as the US dollar fell to its lowest since late September after a Democratic sweep in the US midterms. Eurozone annual headline inflation rose to 4.0% in October, a three-year high, boosting bets on a 25 bps ECB rate hike in December.
A weaker dollar and expected ECB tightening support the euro, which lowers the dollar cost of euro-denominated import demand and may modestly firm US dollar-priced commodities. A breakout above the one-month range would strengthen that signal, while French debt and political concerns cap gains.
fxstreet.comHaresh MenghaniNov 5, 2026After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
