# Euro slips below 1.1200 as hot US CPI supports Fed hike odds

> The euro fell below 1.1200 against the dollar after US consumer prices rose 0.4% in October, above the 0.3% forecast; core inflation also exceeded expectations. Markets raised the implied probability of a December Federal Reserve rate hike, supporting the dollar.

- Date: 2026-11-10 · published 2026-11-11T00:15:41.732Z
- Category: macro · region US and Eurozone · magnitude low
- Page: https://feedsoft.ai/events/92494-euro-slips-below-1-1200-as-hot-us-cpi-supports-fed-hike-odds
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher expected US rates can strengthen the dollar against the euro, raising the cost of dollar-priced feed and agricultural commodities for European buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-11-28 | [Euro Slips Below $1.16 on Mixed EU Data](https://feedsoft.ai/events/22149-euro-slips-below-1-16-on-mixed-eu-data.md) | +0.6% | +1.5% |
| EURUSD | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | -2.3% | -1.4% |
| EURUSD | 2026-05-18 | [Euro declines as risk aversion, Fed rate hike odds increase](https://feedsoft.ai/events/19477-euro-declines-as-risk-aversion-fed-rate-hike-odds-increase.md) | -0.2% | -0.2% |
| EURUSD | 2022-06-09 | [Stocks, euro slip as ECB sets rate hikes, CPI looms \| Reuters](https://feedsoft.ai/events/9634-stocks-euro-slip-as-ecb-sets-rate-hikes-cpi-looms-reuters.md) | -3.3% | -5.2% |
| EURUSD | 2019-02-15 | [EUR/USD falls below 1.1250 on comments from Coeure](https://feedsoft.ai/events/60824-eur-usd-falls-below-1-1250-on-comments-from-coeure.md) | +0.5% | +0.5% |
| DXY | 2025-11-28 | [Euro Slips Below $1.16 on Mixed EU Data](https://feedsoft.ai/events/22149-euro-slips-below-1-16-on-mixed-eu-data.md) | -0.5% | -1.5% |
| DXY | 2026-01-29 | [GBP/USD slides below 1.3780 as Fed hold lifts the Dollar](https://feedsoft.ai/events/21301-gbp-usd-slides-below-1-3780-as-fed-hold-lifts-the-dollar.md) | +0.6% | +0.3% |
| DXY | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | +1.8% | +0.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-slips-below-11200-as-hotter-us-inflation-fuels-fed-rate-hike-bets-202611101405

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