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2026-11-04 19:12:25
[Euro Remains Strong Against Dollar; Limited Impact from Eurozone Inflation Data] ⑴ Eurozone October CPI rose 4.0% year-on-year, higher than the expected 3.9% and the previous value of 3.8%; core inflation remained stable at 2.5%, in line with market expectations. ⑵ The euro fluctuated little after the data release, rising 0.5% to $1.1249, with market focus on the US midterm elections. ⑶ Democratic victory in both houses of Congress weighed on the dollar, with market expectations of limited additional fiscal stimulus and narrowed room for Fed rate hikes. ⑷ The rebound in inflation is unlikely to quickly reverse ECB easing expectations; short-term US Treasury yields and dollar sentiment will dominate the euro's movement.
