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EUR/USD rose to around 1.1160 in early European trading, supported by expectations that the European Central Bank may raise rates in December. Stronger-than-expected US employment data and the pair’s position below its 100-day moving average were cited as factors limiting gains and sustaining a bearish technical outlook.
Shifting expectations for ECB and Federal Reserve rates can move the euro-dollar exchange rate and affect the cost of imported feed ingredients. The session’s rise was modest, while the resilient US jobs data and bearish technical bias point to downside risk for EUR/USD.
fxstreet.comLallalit SrijandornNov 9, 2026After 129 past neutral macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (45% higher; middle half -0.5% to +0.5%), and +0.1% 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.
