{
  "id": 18397694,
  "title": "Friday's US NFP print bears down on a Euro turned back from a one-month high",
  "url": "https://urgent.news/2026/11/05/fridays-us-nfp-print-bears-down-on-a-euro-turned-back-from-a-one",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T22:38:13.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/fridays-us-nfp-print-bears-down-on-a-euro-turned-back-from-a-one-month-high-202611052238"
  },
  "original_language": "en",
  "account": "The Euro has fallen after reaching its highest level in a month against the US Dollar, following the Democratic Party's victory in the recent US midterm elections. Eurozone producer prices increased by 11.1% from the previous year in September, suggesting that a rate hike by the European Central Bank may be imminent. Inflation in the Eurozone reached a three-year high of 4% in October, largely due to energy costs. ECB President Lagarde emphasized that the central bank should not make drastic changes to interest rates but should still use them to prevent expectations from spiraling out of control. Several central bank officials, including the Bundesbank's President Nagel and Bank of Italy's Governor Panetta, indicated that a December hike might be necessary, potentially raising the deposit rate from 2.5%. The Dollar's lowest level in a month was observed on Wednesday, following the Democrats' success in the House and Senate elections. Jobless claims came in at 189K on Thursday, 7K lower than expected, while unit labor costs declined by 0.7% over the third quarter, as forecasted. The US Dollar's situation worsened after the Democrats' victory in the midterm elections, and the Euro is trading just above 1.1200 after briefly nearing 1.1300. The Eurozone's main economic data release on Friday is the Nonfarm Payrolls (NFP) report, which is expected to show an increase of 65K jobs.",
  "summary": "Eurozone producer prices rose 11.1% from a year earlier in September, and European Central Bank (ECB) President Lagarde said the data between now and December will decide a hike. The Euro has fallen anyway, against a Dollar that has recovered part of Wednesday's drop.",
  "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."
}