# EUR/USD, Oil and Stocks 02 to 06/11: Market Tensions Return

> A weekly FX wrap summarized last week's central bank decisions, including a barely hawkish Federal Reserve hold and a hawkish hold from the Bank of Japan. US advance GDP came in at 3.4%, above expectations, and the Bank of Canada was expected to hike by 0.25%. The European Central Bank was described as slightly dovish on future rate hikes.

- Date: 2026-11-01 · published 2026-11-01T12:08:41.759Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8887-eur-usd-oil-and-stocks-02-to-06-11-market-tensions-return
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger US growth data and a firm Fed tone support the dollar, which tends to weigh on dollar-priced commodities. The mix of hawkish global central banks adds to currency volatility that can move export competitiveness.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-12-14 | [EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation \| FXCM Markets](https://feedsoft.ai/events/38442-eur-usd-turns-to-the-fed-and-the-ecb-after-tuesday-s-jump-on-softer-us-cpi.md) | +0.0% | +1.8% |
| EURUSD | 2021-02-09 | [Euroflation: the EUR reflation trade and its market implications \| articles \| ING THINK](https://feedsoft.ai/events/48857-euroflation-the-eur-reflation-trade-and-its-market-implications-articles-ing.md) | +0.5% | -1.3% |
| EURUSD | 2025-10-31 | [As Eurozone inflation eases, the EUR/USD trend weakens with losses around 1.1560 due to USD strength - VT Markets](https://feedsoft.ai/events/22640-as-eurozone-inflation-eases-the-eur-usd-trend-weakens-with-losses-around-1-1560.md) | -0.2% | +0.5% |
| EURUSD | 2024-01-29 | [EUR/USD declines to near 1.0840 on Middle East tension, Eurozone GDP data eyed](https://feedsoft.ai/events/32343-eur-usd-declines-to-near-1-0840-on-middle-east-tension-eurozone-gdp-data-eyed.md) | -0.7% | -0.1% |
| EURUSD | 2024-11-06 | [For Europe's markets, Trump's return spells euro pain but bond gains \| Reuters](https://feedsoft.ai/events/5808-for-europe-s-markets-trump-s-return-spells-euro-pain-but-bond-gains-reuters.md) | -3.2% | -3.2% |

## Sources

- dailyforex.com: https://www.dailyforex.com/forex-technical-analysis/2026/11/weekly-pairs-in-focus-2nd-to-6th-november-2026/251275

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