Euro steadies as dollar falls on scaled-back Fed hike bets: Nov 1, 2026
EUR/USD retreated from its day's high as the US dollar rebounded, with German HICP data awaited. The move follows broad dollar weakness as markets scaled back expectations for Fed hikes beyond December, while Germany's annual CPI softened to 2.8% in October and euro-area inflation was reported at 3.8%. Limited policy divergence against the US dollar has been cited as a factor for the euro.
Updated
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Headlines (9)
Carried over from earlier days
- Sunrise Market CommentaryActionForex
- Euro retreats from day’s high as US Dollar rebounds, German HICP data awaitedFXStreet
- Greenback Dragged Lower by Questions of the AI Mememarctomarket.com
- investingLive European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, goldInvestingLive
- Euro: Supported by limited policy divergence against US Dollar – BBHFXStreet
- Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond DecemberActionForex
- Germany annual CPI inflation softens to 2.8% in OctoberFXStreet
- EUR/USD Weekly Forecast: US President Donald Trump judgment day has comeFXStreet
- European Central Bank faces 3-year-high inflation at 3.8%FXStreet
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 |