# Euro slips as US Dollar strengthens despite growing bets on US-Iran deal

> EUR/USD edged lower near 1.1220 as the US dollar strengthened ahead of the October US CPI release, despite increased speculation about a US-Iran agreement. The article notes that lower crude prices and hopes for greater regional stability may support the euro, while French political uncertainty and concerns about ECB leadership weigh on it. Markets were also pricing a higher chance of a Federal Reserve rate increase in December.

- Date: 2026-11-10 · published 2026-11-10T06:13:16.460Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/91108-euro-slips-as-us-dollar-strengthens-despite-growing-bets-on-us-iran-deal
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency moves can affect the dollar cost of imported feed commodities, while lower oil prices may ease energy and freight cost pressures. The CPI release and changing rate expectations could drive further movement in the dollar and euro.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -7.0% | -7.1% |
| WTI | 2021-02-28 | [Metals smashed as dollar strengthens](https://feedsoft.ai/events/48548-metals-smashed-as-dollar-strengthens.md) | +7.4% | -1.0% |
| WTI | 2020-12-01 | [Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail](https://feedsoft.ai/events/49874-canadian-dollar-strengthens-as-economy-grows-at-a-record-pace-the-globe-and-mail.md) | +1.1% | +5.9% |
| WTI | 2026-05-29 | [BRL Strengthens Slightly on Strong GDP and Easing Oil Prices](https://feedsoft.ai/events/19461-brl-strengthens-slightly-on-strong-gdp-and-easing-oil-prices.md) | +4.6% | -23.5% |
| WTI | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +3.5% | -20.5% |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |
| BRENT | 2026-07-28 | [Sterling slips as oil slides, US rate hike bets grow \| MarketScreener UK](https://feedsoft.ai/events/18614-sterling-slips-as-oil-slides-us-rate-hike-bets-grow-marketscreener-uk.md) | +2.6% | +5.9% |
| BRENT | 2026-06-19 | [Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside](https://feedsoft.ai/events/11518-euro-steadies-as-the-us-dollar-eases-but-hawkish-fed-bets-limit-upside.md) | -6.4% | +3.9% |

## Sources

- tmgm.com: https://www.tmgm.com/en-eu/analysis/market-news/article/euro-weakens-as-us-dollar-gains-despite-rising-us-iran-deal-bets-202611100104
- tmgm.com: https://www.tmgm.com/eng/analysis/market-news/article/euro-weakens-as-us-dollar-gains-despite-rising-us-iran-deal-bets-202611100104

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