# Euro Gains as ECB Rate Rise Expectations Build and US Dollar Weakens

> EUR/USD recovered to around 1.1150 as comments from ECB policymakers and eurozone inflation of 4% strengthened expectations of a possible December rate increase. A weaker dollar also supported the pair, although strong US employment figures and upcoming inflation data could limit further gains.

- Date: 2026-11-09 · published 2026-11-09T06:24:50.103Z
- Category: macro · region Eurozone and United States · magnitude low
- Page: https://feedsoft.ai/events/89021-euro-gains-as-ecb-rate-rise-expectations-build-and-us-dollar-weakens
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The prospect of tighter ECB policy supports the euro, while a weaker dollar lifts EUR/USD; the pair’s direction affects the relative cost of feed imports priced in dollars. Robust US jobs data remain a counterweight that could cap the move.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-11-01 | [ECB Rate Hike Expectations, Weaker Dollar Lift Euro \| FXEmpire](https://feedsoft.ai/events/38898-ecb-rate-hike-expectations-weaker-dollar-lift-euro-fxempire.md) | +1.1% | +4.4% |
| EURUSD | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | -0.4% | -2.0% |
| EURUSD | 2019-10-31 | [Euro rises as dollar weakens on questions about more Fed rate cuts](https://feedsoft.ai/events/56782-euro-rises-as-dollar-weakens-on-questions-about-more-fed-rate-cuts.md) | -0.4% | -0.9% |
| EURUSD | 2021-10-29 | [Euro US Dollar Exchange Rate Jumps On ECB Rate Decision And US GDP](https://feedsoft.ai/events/44756-euro-us-dollar-exchange-rate-jumps-on-ecb-rate-decision-and-us-gdp.md) | -1.2% | -3.6% |
| EURUSD | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.5% | +0.7% |
| DXY | 2022-11-01 | [ECB Rate Hike Expectations, Weaker Dollar Lift Euro \| FXEmpire](https://feedsoft.ai/events/38898-ecb-rate-hike-expectations-weaker-dollar-lift-euro-fxempire.md) | -1.0% | -3.2% |
| DXY | 2025-09-01 | [Stocks hit fresh record high but US dollar weakens as Fed rate cut expectations gain momentum](https://feedsoft.ai/events/23517-stocks-hit-fresh-record-high-but-us-dollar-weakens-as-fed-rate-cut-expectations.md) | -0.1% | -0.1% |
| DXY | 2026-08-25 | [Euro gains support amid hawkish ECB expectations, subdued US Dollar](https://feedsoft.ai/events/18104-euro-gains-support-amid-hawkish-ecb-expectations-subdued-us-dollar.md) | +0.2% | +1.1% |

## Sources

- tmgm-asia.com: https://www.tmgm-asia.com/en-eu/analysis/market-news/article/euro-advances-on-ecb-rate-hike-expectations-weaker-us-dollar-202611090130

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