The euro climbed back above $1.12, attempting to recover from 17-month lows, as renewed declines in oil prices and uncertainty surrounding Tuesday’s US midterm elections weighed on the US dollar. The recovery came despite persistent concerns over France’s fiscal outlook, following Fitch Ratings’ decision to revise the country’s outlook to negative in an unscheduled review last week. Oil prices fell after reports suggested US President Donald Trump was willing to give diplomatic efforts with Iran more time before considering renewed military strikes following Tuesday’s midterm elections, which could reshape the balance of power in Congress. Meanwhile, the ECB kept interest rates unchanged on Thursday, offering little guidance on the future policy path. President Christine Lagarde confirmed that a rate hike had been discussed, but policymakers unanimously opted to maintain borrowing costs, citing tighter financial conditions as one factor helping to contain inflationary pressures.
The EUR/USD exchange rate was unchanged at 1.1187 on November 3, 2026. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.32%, and is down by 2.57% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on November 3 of 2026.
The EUR/USD exchange rate was unchanged at 1.1187 on November 3, 2026. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.32%, and is down by 2.57% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.12 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.14 in 12 months time.