# Euro advances toward 1.1200 as US Dollar retreats, US CPI looms

> The Euro gained against the US Dollar as the dollar weakened alongside falling oil prices amid renewed diplomatic efforts over the Iran conflict. Strong US employment data have increased expectations of a December Federal Reserve rate hike, while traders awaited US inflation figures.

- Date: 2026-11-09 · published 2026-11-09T18:08:22.746Z
- Category: macro · region Euro Area · magnitude low
- Page: https://feedsoft.ai/events/89864-euro-advances-toward-1-1200-as-us-dollar-retreats-us-cpi-looms
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger euro against the dollar can lower the cost of dollar-denominated feed imports for euro-area buyers. Lower crude prices may ease energy and transport costs, though the outlook depends on developments in US-Iran talks.

## Read by commodity

- WTI: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-02-28 | [Forex: US Dollar's Appeal Fades As Rate Cut Looms](https://feedsoft.ai/events/54802-forex-us-dollar-s-appeal-fades-as-rate-cut-looms.md) | +2.0% | +0.4% |
| EURUSD | 2026-04-30 | [EUR/USD advances as ECB holds rates, Dollar softens on mixed data](https://feedsoft.ai/events/19943-eur-usd-advances-as-ecb-holds-rates-dollar-softens-on-mixed-data.md) | +0.5% | -0.4% |
| EURUSD | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | +1.5% | +1.5% |
| EURUSD | 2020-03-01 | [Dollar retreats as coronavirus fallout raises expectations of rate cut](https://feedsoft.ai/events/54508-dollar-retreats-as-coronavirus-fallout-raises-expectations-of-rate-cut.md) | +2.9% | +0.5% |
| EURUSD | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | +0.7% | -1.5% |
| WTI | 2020-04-28 | [2020-2022 Exchange Rate Forecasts: Pound-Dollar And Euro-Pound To Rise As USD Losses To Prevail](https://feedsoft.ai/events/53874-2020-2022-exchange-rate-forecasts-pound-dollar-and-euro-pound-to-rise-as-usd.md) | +65.3% | +179.6% |
| WTI | 2023-02-02 | [CANADA FX DEBT-C$ retreats from 2-1/2 month high as U.S. jobs data looms \| Kitco News](https://feedsoft.ai/events/37581-canada-fx-debt-c-retreats-from-2-1-2-month-high-as-u-s-jobs-data-looms-kitco.md) | +2.8% | +2.3% |
| WTI | 2020-08-18 | [Dollar extends gain but shares retreat as Fed signals stimulus](https://feedsoft.ai/events/51791-dollar-extends-gain-but-shares-retreat-as-fed-signals-stimulus.md) | -0.9% | -10.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-advances-toward-11200-as-us-dollar-retreats-us-cpi-looms-202611091620

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