# The Xe Global Currency Outlook: November 2026

> The outlook said Brent crude was above $115 a barrel amid Middle East conflict, supporting energy-exporting currencies and weighing on currencies of energy importers. It also described October monetary-policy surprises in Canada and New Zealand and noted a firm US dollar, with several political and rate decisions ahead.

- Date: 2026-11-07 · published 2026-11-07T06:08:31.733Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/85528-the-xe-global-currency-outlook-november-2026
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Higher energy costs can lift fuel and freight expenses for feed supply chains, while currencies of energy importers may weaken and make dollar-priced commodities more costly. The article is a broad currency outlook and does not identify a new feed-commodity supply change.

## Read by commodity

- BRENT: bullish ▲
- AUDUSD: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼
- USDCAD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-08-24 | [Crude oil futures extend gains after overnight vault as outlook improves \| S&P Global](https://feedsoft.ai/events/12114-crude-oil-futures-extend-gains-after-overnight-vault-as-outlook-improves-s-and.md) | +5.7% | +7.0% |
| BRENT | 2023-07-31 | [Canadian dollar notches monthly gain as commodity currencies rally - The Globe and Mail](https://feedsoft.ai/events/35271-canadian-dollar-notches-monthly-gain-as-commodity-currencies-rally-the-globe.md) | +2.4% | +0.2% |
| BRENT | 2020-11-27 | [Diesel markets closing out a strong November - FreightWaves](https://feedsoft.ai/events/50321-diesel-markets-closing-out-a-strong-november-freightwaves.md) | +2.3% | +7.7% |
| BRENT | 2020-11-06 | [Global Refiners Can't Escape the COVID-19 Demand Cycle - DTN](https://feedsoft.ai/events/50326-global-refiners-can-t-escape-the-covid-19-demand-cycle-dtn.md) | +6.6% | +20.8% |
| BRENT | 2026-07-22 | [Baht Slides to 15-Month Low as Krungsri Unveils Multi-Currency FX Strategy for 2026](https://feedsoft.ai/events/18620-baht-slides-to-15-month-low-as-krungsri-unveils-multi-currency-fx-strategy-for.md) | -6.5% | -3.9% |
| EURUSD | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |
| EURUSD | 2022-09-22 | [USD Forex Market: Every Nation for Itself as Dollar Wrecks Global Currencies - Bloomberg](https://feedsoft.ai/events/10322-usd-forex-market-every-nation-for-itself-as-dollar-wrecks-global-currencies.md) | -2.0% | -0.6% |
| EURUSD | 2024-11-12 | [(EUR/USD) Euro Parity With Dollar Is the Big New Call by Currency Analysts - Bloomberg](https://feedsoft.ai/events/7557-eur-usd-euro-parity-with-dollar-is-the-big-new-call-by-currency-analysts.md) | -1.2% | -1.8% |

## Sources

- xe.com: https://www.xe.com/blog/currency-news/the-xe-global-currency-outlook-november-2026/

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