# Euro: Supported by ECB hike prospects – Commerzbank

> 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.

- Date: 2026-11-05 · published 2026-11-05T15:08:27.543Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81922-euro-supported-by-ecb-hike-prospects-commerzbank
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-07-31 | [Euro: Supported by growth surprise – Commerzbank](https://feedsoft.ai/events/7691-euro-supported-by-growth-surprise-commerzbank.md) | -0.0% | +1.1% |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |
| EURUSD | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | -0.5% | -1.0% |
| EURUSD | 2023-01-26 | [Euro hits fresh nine-month highs on ECB prospects](https://feedsoft.ai/events/38000-euro-hits-fresh-nine-month-highs-on-ecb-prospects.md) | +0.1% | -2.9% |
| EURUSD | 2026-03-30 | [EUR/USD: Resilient as ECB activism priced – Commerzbank](https://feedsoft.ai/events/20374-eur-usd-resilient-as-ecb-activism-priced-commerzbank.md) | +0.0% | +1.7% |
| DXY | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | +0.0% | -0.2% |
| DXY | 2023-01-26 | [Euro hits fresh nine-month highs on ECB prospects](https://feedsoft.ai/events/38000-euro-hits-fresh-nine-month-highs-on-ecb-prospects.md) | -0.3% | +1.8% |
| DXY | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | +0.2% | +1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-supported-by-ecb-hike-prospects-commerzbank-202611051402

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