Euro stays below 1.1200 as US midterms keep traders cautious: Nov 4, 2026
The euro is trading flat to defensive below 1.1200 as a steadier US dollar ahead of the US midterm elections has kept traders cautious. Earlier gains linked to US-Iran diplomacy have partly faded, while a hawkish ECB stance has been cited as cushioning losses against the dollar.
Updated
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Headlines (11)
First seen on November 4
- US Dollar Sinks as Blue Wave Threatens Trump's Economic Agenda. Forecast as of 04.11.2026LiteFinance
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
- What a Difference the Weekend Mademarctomarket.com
- Euro gives back half of its gain on US-Iran diplomacyFXStreet
- 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: Hawkish ECB cushions losses against US Dollar - INGFXStreet
- Major central banks signal December tightening amid persistent inflationaa.com.tr
- Euro trades flat as US midterms and US-Iran developments keep traders cautiousFXStreet
- ECB’s Nagel signals December rate hike as inflation risks mountFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 4 | ||
| Spanish Unemployment Change | 18.7K | EUR |
| Spanish Services PMI | 57.6 | EUR |
| Italian Services PMI | 51.4 | EUR |
| French Final Services PMI | 48.4 | EUR |
| German Final Services PMI | 51.7 | EUR |
| Final Services PMI | 51.7 | EUR |
| Core CPI Flash Estimate y/y | 2.5% | EUR |
| CPI Flash Estimate y/y | 4.0% | EUR |