# EUR/USD Range Tightens as Fed and ECB Hikes Cancel Out

> EUR/USD gave back most of its post-election gains on Thursday, trading near 1.1220 after briefly reaching around 1.13 on Wednesday. The article says expectations of rate hikes by both the Federal Reserve and the European Central Bank are limiting the influence of interest-rate differences, leaving the pair sensitive to political developments and data.

- Date: 2026-11-05 · published 2026-11-06T00:08:46.918Z
- Category: macro · region Eurozone and United States · magnitude low
- Page: https://feedsoft.ai/events/82712-eur-usd-range-tightens-as-fed-and-ecb-hikes-cancel-out
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The pullback in EUR/USD is bearish for the pair, while offsetting rate expectations may keep currency-driven changes to import costs uncertain for feed buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-06-13 | [EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report](https://feedsoft.ai/events/29982-eur-usd-declines-as-the-fed-s-hawkish-narrative-outweighs-soft-us-cpi-and-ppi.md) | -1.2% | +0.5% |
| EURUSD | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | -0.0% | -1.8% |
| EURUSD | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | -2.3% | -1.4% |
| EURUSD | 2022-09-09 | [EUR USD: Euro Trading Is All About the Energy Crisis, Not ECB Rate Hikes - Bloomberg](https://feedsoft.ai/events/39799-eur-usd-euro-trading-is-all-about-the-energy-crisis-not-ecb-rate-hikes-bloomberg.md) | +0.4% | -1.5% |
| EURUSD | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | -0.9% | +4.6% |

## Sources

- investing.com: https://www.investing.com/analysis/eurusd-range-tightens-as-fed-and-ecb-hikes-cancel-out-200690963

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