# Euro: Rotation into Dollar cash caps gains against US Dollar – ING

> 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.

- Date: 2026-11-06 · published 2026-11-06T12:09:27.865Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/83825-euro-rotation-into-dollar-cash-caps-gains-against-us-dollar-ing
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.8% | -2.7% |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| EURUSD | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | -2.2% | -0.3% |
| EURUSD | 2026-08-31 | [Euro holds modest gains as US Dollar lacks momentum, Eurozone inflation in focus](https://feedsoft.ai/events/18098-euro-holds-modest-gains-as-us-dollar-lacks-momentum-eurozone-inflation-in-focus.md) | +0.2% | -2.0% |
| EURUSD | 2017-04-28 | [Euro falls against U.S. dollar on dovish ECB tone - Trending News](https://feedsoft.ai/events/71695-euro-falls-against-u-s-dollar-on-dovish-ecb-tone-trending-news.md) | +0.9% | +3.3% |
| DXY | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.5% | +0.8% |
| DXY | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |
| DXY | 2025-06-01 | [Ringgit slips against US dollar as US Fed flags inflation worries](https://feedsoft.ai/events/24948-ringgit-slips-against-us-dollar-as-us-fed-flags-inflation-worries.md) | -0.5% | -1.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-rotation-into-dollar-cash-caps-gains-against-us-dollar-ing-202611061128

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