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The euro retreated after briefly reaching its highest level since early October, trading just above 1.1200 against the dollar. ECB officials said incoming data will shape the decision on whether to raise rates in December, while US payrolls data were due Friday.
Interest-rate expectations and US employment data are driving the euro-dollar exchange rate; the retreat in EUR/USD is bearish for the pair. Currency moves can affect the cost of dollar-priced feed imports for European buyers.
fxstreet.comJoshua GibsonNov 5, 2026After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% 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.
