# Euro remains on the defensive as softer US PPI offers little relief

> EUR/USD traded near 1.1050, close to its lowest level since May 2025, and is on track for a third straight weekly loss. US producer prices rose 0.3% month-on-month in October, below forecast, but markets kept pricing further Federal Reserve rate hikes.

- Date: 2026-11-13 · published 2026-11-13T15:10:52.541Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/97994-euro-remains-on-the-defensive-as-softer-us-ppi-offers-little-relief
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer US dollar and higher US rates raise the cost of imported feed ingredients for buyers paying in dollars and can weigh on US export competitiveness, a modest bearish pressure on dollar-priced grain and oilseed markets.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-06-13 | [EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report](https://feedsoft.ai/events/29982-eur-usd-declines-as-the-fed-s-hawkish-narrative-outweighs-soft-us-cpi-and-ppi.md) | -1.2% | +0.5% |
| EURUSD | 2024-01-25 | [US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde \| Reuters](https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb.md) | -0.4% | -0.8% |
| EURUSD | 2024-04-12 | [Euro sharpens decline to five-month lows on concerns about the interest rate gap](https://feedsoft.ai/events/9975-euro-sharpens-decline-to-five-month-lows-on-concerns-about-the-interest-rate-gap.md) | -0.6% | +0.5% |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | -3.1% | -1.3% |
| EURUSD | 2018-07-25 | [Euro settles lower after ECB decision; yen up](https://feedsoft.ai/events/64243-euro-settles-lower-after-ecb-decision-yen-up.md) | +0.2% | -1.3% |
| DXY | 2024-06-13 | [EUR/USD declines as the Fed's hawkish narrative outweighs soft US CPI and PPI report](https://feedsoft.ai/events/29982-eur-usd-declines-as-the-fed-s-hawkish-narrative-outweighs-soft-us-cpi-and-ppi.md) | +0.3% | -1.1% |
| DXY | 2024-10-31 | [Fiscal policy alignment offers relief, but U.S. data limits market gains](https://feedsoft.ai/events/28082-fiscal-policy-alignment-offers-relief-but-u-s-data-limits-market-gains.md) | +0.7% | +1.4% |
| DXY | 2023-12-11 | [Ringgit opens on softer note against US dollar \| Scoop](https://feedsoft.ai/events/32989-ringgit-opens-on-softer-note-against-us-dollar-scoop.md) | -0.8% | -0.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-remains-on-the-defensive-as-softer-us-ppi-offers-little-relief-202611131442

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