# Euro posts modest gains near 1.1100 as traders assess ECB's rate path

> EUR/USD traded near 1.1095 in early Asian trading on Thursday, with modest gains. Markets priced in a high chance of a Fed rate hike at the December 8-9 meeting after hotter-than-expected October CPI, and Fed Governor Waller said he could back a half-point increase.

- Date: 2026-11-12 · published 2026-11-12T03:10:33.803Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/94821-euro-posts-modest-gains-near-1-1100-as-traders-assess-ecb-s-rate-path
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and expected US tightening weigh on dollar-denominated commodity prices and can reduce US export competitiveness, a modest bearish signal for grains and feed ingredients priced in USD.

## Read by commodity

- DXY: bullish ▲
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-30 | [Traders temper euro zone rate hike bets as ECB grapples with Iran war impact \| MarketScreener](https://feedsoft.ai/events/19944-traders-temper-euro-zone-rate-hike-bets-as-ecb-grapples-with-iran-war-impact.md) | +0.5% | -0.4% |
| EURUSD | 2017-09-01 | [Euro slips after six months of gains as ECB eyed \| The National](https://feedsoft.ai/events/69163-euro-slips-after-six-months-of-gains-as-ecb-eyed-the-national.md) | +1.2% | -0.7% |
| EURUSD | 2024-09-12 | [ECB dents traders' hopes for October rate cut](https://feedsoft.ai/events/28527-ecb-dents-traders-hopes-for-october-rate-cut.md) | +0.9% | -0.6% |
| EURUSD | 2021-04-22 | [Euro and U.S. dollar waffle as markets weigh ECB policy talk](https://feedsoft.ai/events/47818-euro-and-u-s-dollar-waffle-as-markets-weigh-ecb-policy-talk.md) | +0.5% | +1.5% |
| EURUSD | 2022-02-08 | [Dollar, euro trade sideways after ECB pushback](https://feedsoft.ai/events/42878-dollar-euro-trade-sideways-after-ecb-pushback.md) | -1.1% | -4.8% |
| DXY | 2022-07-20 | [Dollar rises vs euro as traders eye ECB rate decision](https://feedsoft.ai/events/40712-dollar-rises-vs-euro-as-traders-eye-ecb-rate-decision.md) | +0.2% | -0.7% |
| DXY | 2024-11-15 | [Dollar notches weekly gain as traders reassess rate cut expectations](https://feedsoft.ai/events/12704-dollar-notches-weekly-gain-as-traders-reassess-rate-cut-expectations.md) | +0.1% | +0.2% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-posts-modest-gains-near-11100-as-traders-assess-ecbs-rate-path-202611120228

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