Loading…
Commerzbank says EUR/USD firmed as the dollar weakened after the Democrats' midterm victory. Euro area inflation rose to 4% in October, with core at 2.5% and the ECB deposit rate at 2.50%.
Markets now price in two further ECB hikes by mid-2027.
Expectations of ECB tightening support the euro against the dollar, which affects the import cost of US-priced feed ingredients for European buyers. Higher rates also weigh on growth over the medium term.
fxstreet.comFXStreet Insights TeamNov 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.
