# EUR/USD Gears Up for a 1.10 Test

> The dollar rallied this week on a shift in short-term rate expectations driven by hawkish Fed rhetoric and hotter inflation. ING sees EUR/USD possibly testing 1.10 if upcoming US data support the dollar further. The analysis also notes that the move is rates-driven rather than a sign of excessive dollar overvaluation.

- Date: 2026-11-12 · published 2026-11-12T12:11:06.767Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/95417-eur-usd-gears-up-for-a-1-10-test
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar makes dollar-priced feed ingredients and commodities more expensive for buyers outside the US and can pressure US export competitiveness. Traders should watch whether a stronger dollar weighs on grain and oilseed futures.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-10 | [A Big Test for Gold \| Stansberry Research](https://feedsoft.ai/events/68394-a-big-test-for-gold-stansberry-research.md) | -0.2% | +0.8% |
| DXY | 2022-11-01 | [USD/ZAR Forecast \| Will USD/ZAR Go Up or Down?](https://feedsoft.ai/events/39428-usd-zar-forecast-will-usd-zar-go-up-or-down.md) | -1.0% | -3.2% |
| DXY | 2023-04-28 | [EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank](https://feedsoft.ai/events/36618-eur-usd-rate-forecast-near-term-peak-is-close-dnb-bank.md) | -0.3% | +1.2% |
| DXY | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | +0.3% | -2.0% |
| DXY | 2016-11-18 | [Korean financial sector gears up for risks from US - The Korea Herald](https://feedsoft.ai/events/74048-korean-financial-sector-gears-up-for-risks-from-us-the-korea-herald.md) | +1.0% | +1.3% |
| EURUSD | 2023-04-28 | [EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank](https://feedsoft.ai/events/36618-eur-usd-rate-forecast-near-term-peak-is-close-dnb-bank.md) | -0.1% | -2.7% |
| EURUSD | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | -0.9% | +4.6% |
| EURUSD | 2025-08-27 | [EUR/USD slips to 1.1630 as Fed drama fades, France risk grows](https://feedsoft.ai/events/23537-eur-usd-slips-to-1-1630-as-fed-drama-fades-france-risk-grows.md) | +0.2% | +0.7% |

## Sources

- ph.investing.com: https://ph.investing.com/analysis/eurusd-gears-up-for-a-110-test-220381

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