Created
: 2025.11.03
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/USD holds losses below 1.1550 as Fed rate cut bets decrease
World FX news
Breaking news
EUR/USD holds losses below 1.1550 as Fed rate cut bets decrease
New
2025.11.03 10:05
2025.11.03 10:05
2025.11.03 10:05
- EUR/USD depreciates as the US Dollar gains on the fading likelihood of a Fed rate cut.
- CME FedWatch Tool suggests pricing in a 69% chance of a cut in December, against 93% a week ago.
- ECB policymaker Villeroy said the central bank is well-positioned after its October policy decision.
EUR/USD edges lower and continues its losing streak for the fourth successive session, trading around 1.1530 during the Asian hours on Monday. The pair remains subdued as the US Dollar (USD) receives support from dampening expectations for a December rate cut by the US Federal Reserve (Fed), following the central bank's decision to lower its benchmark overnight borrowing rate for the second time this year to a range of 3.75%-4.0%.
Fed Chair Jerome Powell said during the post-meeting press conference that another rate cut in December is far from certain. Powell also cautioned that policymakers may need to take a wait-and-see approach until official data reporting resumes. Fed funds futures traders are now pricing in a 69% chance of a cut in December, down from 93% a week ago, according to the CME FedWatch Tool.
However, traders may adopt caution due to the prolonged government shutdown, which could fuel economic concerns in the United States (US). The US government impasse has now entered its sixth week with no easy endgame in sight amid a deadlock in Congress on the Republican-backed funding bill.
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the central bank is in a good position following the October policy decision. However, Villeroy added that this position is not a fixed one. "In view of various risks, including from the financial markets, we must maintain full optionality to act as necessary," he said, adding that agile pragmatisim based on data and forecasts will be required at their next meetings, more than ever.
ECB policymaker and Governor of the Central Bank of Latvia, Martins Kazaks, said that risks to inflation and growth in the Eurozone are more balanced. ECB will move when needed, but shouldn't be jumpy, Kazaks added.
Euro FAQs
The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB's primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates - or the expectation of higher rates - will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB's 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone's economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.11.03
Related articles
Forex Today: US Dollar rally pauses to start new week
22 minutes agoEUR/GBP drifts higher above 0.8750 amid ongoing UK budget concerns
29 minutes agoECB's Nagel: Outlook holding but options open in December
52 minutes agoAUD/JPY Price Forecast: First upside barrier emerges above 101.50, RBA rate decision in focus
2025.11.03 14:46EUR/JPY holds steady above 177.50 amid thin trading due to Japan's holiday
2025.11.03 14:30USD/CHF trades firmly near 0.8050 ahead of Swiss inflation data
2025.11.03 14:29
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Forex Today: US Dollar rally pauses to start new week
Here is what you need to know on Monday, November 3:
New
2025.11.03 16:12EUR/GBP drifts higher above 0.8750 amid ongoing UK budget concerns
The EUR/GBP cross edges higher to near 0.8775 during the early European session on Monday. Mounting political pressures surrounding UK Finance Minister Rachel Reeves exert some selling pressure on the Pound Sterling (GBP) against the Euro (EUR).
New
2025.11.03 16:04Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.24 per barrel, up from Friday's close at $60.70.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $64.58.
New
2025.11.03 16:02ECB's Nagel: Outlook holding but options open in December
The European Central Bank (ECB) Governing Council member Joachim Nagel said that Eurozone economic data aren't diverging from the ECB's outlook, but policymakers are keeping their options open, Bloomberg reported on Monday.
New
2025.11.03 15:41AUD/JPY Price Forecast: First upside barrier emerges above 101.50, RBA rate decision in focus
The AUD/JPY cross trades in positive territory near 101.10 during the early European session on Monday. The Japanese Yen (JPY) weakens against the Australian Dollar (AUD) amid the uncertainty surrounding the timing of the next rate hike by the Bank of Japan (BoJ).
New
2025.11.03 14:46EUR/JPY holds steady above 177.50 amid thin trading due to Japan's holiday
EUR/JPY holds ground after registering losses in the previous session, trading around 177.70 during the Asian hours on Monday. The currency cross edges higher as the Japanese Yen (JPY) weakens after the Bank of Japan (BoJ) maintained a cautious stance on interest rates.
New
2025.11.03 14:30USD/CHF trades firmly near 0.8050 ahead of Swiss inflation data
The USD/CHF pair demonstrates strength near an over two-week high around 0.8050 during Monday's Asian session. The Swiss Franc pair trades firmly as the US Dollar (USD) holds onto gains due to receding speculation for further monetary policy easing by the Federal Reserve (Fed) this year.
New
2025.11.03 14:29GBP/JPY steadies around mid-202.00s amid BoJ uncertainty; UK fiscal concerns cap gains
The GBP/JPY cross attracts some buyers near the 202.30-202.25 area during the Asian session on Monday, though it lacks follow-through.
New
2025.11.03 14:16FX option expiries for Nov 3 NY cut
FX option expiries for Nov 3 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.11.03 14:10US Dollar Index strengthens above 99.50 ahead of US Manufacturing PMI release
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note around 99.75 during the Asian trading hours on Monday. The DXY edges higher on the hawkish stance from the US Federal Reserve (Fed).
New
2025.11.03 13:56Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
