Euro Holds Above 1.1100 as Markets Await German CPI and Fed Bets

Key Facts

The EUR/USD pair held steady above the mid-1.1100s during the Asian session following heavy losses. FXStreet reported that the decline was triggered by hot US consumer inflation data, which led investors to reprice their expectations for future monetary policy moves.

The US Dollar remains supported by increasing market bets on a Federal Reserve rate hike in December. Traders are now awaiting German CPI data and ECB commentary for further direction, following data from November 10, 2026, which showed the US Consumer Price Index reaching 337.511 points.

The European Central Bank is scheduled to release its Economic Bulletin on November 12, 2026. On the same day, US Initial Jobless Claims data is expected, with forecasts pointing toward 195,000 claims, potentially impacting USD volatility.