Euro Hits Multi-Month Lows Despite Softer US Producer Price Inflation

Key Facts

The EUR/USD pair traded around 1.1050, reaching its lowest level since May 2024, FXStreet News reported. US producer inflation rose 0.3% month-on-month in October 2026, falling slightly below the 0.4% forecast.

The softer PPI data failed to significantly alter market expectations for continued Federal Reserve policy tightening, maintaining the US Dollar's strength against the Euro. Data released on November 13, 2026, showed Core PPI rising 0.3% in line with forecasts, while the Consumer Price Index (CPI) was recorded at 337.511 on November 10, 2026.

Federal Reserve Chair Kevin Warsh is scheduled to deliver a speech on November 16, 2026, which may provide further direction for monetary policy. Investors are also awaiting the NY Empire State Manufacturing Index on the same day, with forecasts suggesting a slowdown in industrial activity.