# Signal｜Euro at $1.1127, lowest in 1.5 years on December US rate-hike bets

> The ECB reference rate for the euro fell to $1.1127 on November 11, its lowest since May 2025. The move was driven by dollar strength on expectations of a US December rate hike, while the euro was roughly flat against the yen.

- Date: 2026-11-12 · published 2026-11-12T06:10:41.989Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/95005-signal-euro-at-1-1127-lowest-in-1-5-years-on-december-us-rate-hike-bets
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar strength from US rate-hike expectations is a macro headwind for dollar-priced commodities, though the effect on feed ingredient prices is indirect.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-01-23 | [Dollar edges lower vs euro on ECB rate hike bets \| Reuters](https://feedsoft.ai/events/37999-dollar-edges-lower-vs-euro-on-ecb-rate-hike-bets-reuters.md) | +0.2% | -1.4% |
| EURUSD | 2022-01-25 | [Euro Forecasts Upgraded at Deutsche Bank, says ECB to Hike Rates in December](https://feedsoft.ai/events/43345-euro-forecasts-upgraded-at-deutsche-bank-says-ecb-to-hike-rates-in-december.md) | -0.9% | +0.3% |
| 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% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2026-06-19 | [The Euro sinks on its own rate hike](https://feedsoft.ai/events/11515-the-euro-sinks-on-its-own-rate-hike.md) | -0.6% | -0.5% |

## Sources

- livemakers.com: https://livemakers.com/en/articles/signal-20261112-bdbd9a5a

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