Euro holds gains as Iran diplomacy weighs on dollar: Nov 3, 2026
The euro is holding modest gains around 1.1150-1.1200 as hopes for US-Iran diplomacy weigh on the US dollar and coincide with tumbling oil prices. A stronger-than-expected Eurozone GDP reading is also in focus, while French debt worries and positioning ahead of the US midterm elections have limited further moves.
Updated
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Headlines (11)
First seen on November 3
- Euro remains on defensive below 1.1200 as USD stabilizes ahead of US midterm electionsFXStreet
- US Dollar Caught Off Guard by Brent Plunge. Forecast as of 03.11.2026LiteFinance
- Euro edges up against US Dollar in countdown to US Midterm electionsFXStreet
Carried over from earlier days
- 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
- CFTC Report: Oil and Gold flows turn defensive while Yen longs rebuildFXStreet
- Euro: Downside below 1.10 before 2H27 recovery against US Dollar – OCBCFXStreet
- EUR/USD Price Forecasts: EUR/USD struggles to find follow-through above 1.1200FXStreet
- What a Difference the Weekend Mademarctomarket.com
- Euro holds modest gains as Oil prices tumble on US-Iran diplomacyFXStreet
- Euro gives back half of its gain on US-Iran diplomacyFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Tuesday, November 3 | ||
| French Gov Budget Balance | EUR | |
| JOLTS Job Openings | 7.15M | USD |
| Factory Orders m/m | 1.2% | USD |
| RCM/TIPP Economic Optimism | 46.2 | USD |
| Omdia Total Vehicle Sales | 15.8M | USD |
| Congressional Elections | USD | |
| German Buba President Nagel Speaks | EUR | |
| API Weekly Statistical Bulletin | USD | |