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EUR/USD fell to 1.1186 as France's budget dispute remained unresolved, and Rabobank forecast the pair at 1.10 in three months. France's National Assembly rejected the revenue section of the 2027 budget on 4 November, prolonging uncertainty even as the US election initially weighed on the dollar.
French fiscal uncertainty could prompt capital outflows from the euro, while fading election-related dollar weakness could support the dollar. Rabobank's outlook therefore points to further downside risk for EUR/USD.
exchangerates.org.ukDave TaylorNov 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.
