{
  "id": 18171851,
  "title": "Euro: ECB rate hike bets support gains against US Dollar - Scotiabank",
  "url": "https://urgent.news/2026/11/04/euro-ecb-rate-hike-bets-support-gains-against-us-dollar-scotiabank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T18:17:22.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-ecb-rate-hike-bets-support-gains-against-us-dollar-scotiabank-202611041817"
  },
  "original_language": "en",
  "account": "Scotiabank analysts report that the Euro (EUR) is trading near 1.1240, slightly below its intraday high of 1.1265. This gain is closely following a weaker US Dollar (USD) after the US midterms elections. The Eurozone Consumer Price Index (CPI) has been confirmed at 4.0% year-on-year, with several European Central Bank (ECB) officials indicating a potential rate hike in December. Although technicians view the overall tone positively, they stress the importance of a clear break above 1.1275. The EUR has experienced gains, but they are slightly off the earlier highs around 1.1265. On Wednesday, AUD/USD reclaimed the area above 0.7000, while USD/JPY faced heavy selling pressure and dropped below 158.00 as the US Dollar approached a monthly low due to political uncertainty following early US midterm vote results. Additionally, gold recovered from two consecutive daily declines, surpassing the $4,000 mark per troy ounce.",
  "summary": "Scotiabank analysts say the Euro (EUR) is firmer near 1.1240, slightly off intraday highs around 1.1265, with gains broadly tracking the softer US Dollar (USD) after the US midterms.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}