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ING says the euro has struggled to gain against the dollar despite a US technology-stock sell-off, as investors have favored holding dollar cash. The bank expects EUR/USD to consolidate near 1.12 absent a weak US jobs report, while markets continue to price in some chance of a December ECB rate hike.
Demand for dollar cash supports the US currency and limits euro gains, implying a capped or weaker EUR/USD. The article does not identify a direct feed or agricultural commodity effect.
fxstreet.comFXStreet Insights TeamNov 6, 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.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
