Euro pares losses as ECB hike talk counters firm dollar: Nov 9, 2026
The euro pared losses despite weak German data amid an improved risk mood, supported by expectations for an ECB rate hike in December. President Lagarde hinted at a December move and said inflation will stay high, while the US dollar drew support from strong employment figures and markets show a 78% probability of a 25bp Fed rate hike in December.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (16)
First seen on November 9
- ECB President Lagarde hints at rate hike at December meetinggelonghui.com
- Euro advances on ECB rate hike expectations, weaker US DollarFXStreet
- Personal Income and Outlays, September 2026bea.gov
- GDP (Advance Estimate), 3rd Quarter 2026bea.gov
- US Dollar Gets Second Wind from Strong Employment Figures. Forecast as of 09.11.2026LiteFinance
- Sunrise Market CommentaryActionForex
- FX option expiries for 9 November 10am New York cutInvestingLive
- Euro shrugs off weak German data and pares losses amid an improved risk moodFXStreet
- Euro: Undervaluation and ECB succession – INGFXStreet
- ECB’s Lagarde says inflation to stay high, sees little reason to alter rate courseHellenic Shipping News
Carried over from earlier days
- ECB presidential candidate Hernandez de Cos warns of inflation risk from high energy pricesflash.jin10.com
- Christine Lagarde: Interview with Yomiuri ShimbunEuropean Central Bank
- ECB President Lagarde: No Signs of Second-Round Effects Beyond Forecastsflash.jin10.com
- ECB President Lagarde: Cannot guarantee December move but developments in line with expectationsgelonghui.com
- Next week: China, US CPI, PBOC FX reserve hike, Russia-US-Ukraine talks, Anthropic IPOcls.cn
- CME FedWatch Shows 78% Probability of 25bp Fed Rate Hike in Decembercls.cn
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| German Trade Balance | 19.2B | EUR |
| French Trade Balance | EUR | |
| Sentix Investor Confidence | 2.1 | EUR |
| ECOFIN Meetings | EUR | |
| Eurogroup Meetings | EUR | |
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |