Euro holds above 1.1150 as eurozone GDP beats forecasts: Nov 2, 2026
The euro moved above 1.1150 after eurozone GDP came in above forecasts, while a softer US dollar ahead of the US midterm elections and hopes around Iran diplomacy shaped trading. Gains were limited by concerns over French debt and a 2.0% fall in German September retail sales against a 0.4% expectation.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (7)
First seen on November 2
- Euro edges higher as Iran diplomacy hopes weigh on the USD; French debt worries cap gainsFXStreet
- Euro strengthens above 1.1150 as Eurozone GDP beats forecasts, US midterm election loomsFXStreet
- US Dollar Caught in AI Crossfire as Political Risks Mount. Forecast as of 02.11.2026LiteFinance
- Germany’s Retail Sales fall by 2.0% in September, vs. 0.4% expectedFXStreet
- FX option expiries for 2 November 10am New York cutInvestingLive
- Euro pares gains against British Pound after Germany’s Retail Sales unexpectedly fall in SeptemberFXStreet
- Forex Today: US Dollar edges lower as mood improves ahead of midterm electionsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| 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 |
| German Buba President Nagel Speaks | EUR | |
| Final Manufacturing PMI | 56.0 | USD |