Euro retakes 1.1200 after ECB hold as US dollar weakens: Oct 31, 2026
The Euro hit a 17-month low as the ECB held rates while US PCE inflation accelerated, then extended a post-ECB recovery from its year-to-date low to retake 1.1200 against a weak US Dollar. Lagarde said the Governing Council debated whether a hike was appropriate, with commentary pointing to a possible December move, while BBH noted limited policy divergence against the US Dollar. The Euro later retreated from its day's high as the US Dollar rebounded, with German HICP data awaited and attention on Trump's judgment day.
Updated
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Headlines (9)
Carried over from earlier days
- Euro hits 17-month low as ECB holds rates, US PCE inflation acceleratesFXStreet
- Christine Lagarde, Boris Vujčić: Monetary policy statementEuropean Central Bank
- Lagarde speech: Governing Council debated whether hike was appropriateFXStreet
- Lagarde’s comments point to a December ECB rate hikeING Think
- Euro extends post-ECB recovery from YTD low and retakes 1.1200 vs weak USDFXStreet
- Euro retreats from day’s high as US Dollar rebounds, German HICP data awaitedFXStreet
- Euro: Supported by limited policy divergence against US Dollar – BBHFXStreet
- Euro retreats despite stronger GDP and hawkish ECB signalsFXStreet
- EUR/USD Weekly Forecast: US President Donald Trump judgment day has comeFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| German Retail Sales m/m | 0.4% | EUR |
| Spanish Manufacturing PMI | 50.4 | EUR |
| Italian Manufacturing PMI | 49.9 | EUR |
| French Final Manufacturing PMI | 49.3 | EUR |
| German Final Manufacturing PMI | 54.2 | EUR |
| Final Manufacturing PMI | 52.4 | EUR |