News report 💱 Forex 🌍 GLOBAL

EUR/USD Slips Below 1.1064 as Fed Rate Hike Expectations Boost Dollar

EUR/USD faces persistent downside pressure, trading below the 20-day EMA of 1.1170, as markets price in a more aggressive Federal Reserve tightening path ahead of today's US PPI data.

📅 November 13, 2026 🕐 1 min read

2 assets impacted (Forex). Net bias: 1 Bullish, 1 Bearish, 0 Neutral. Strongest signal: EUR/USD ↓ 6/10 (70% confidence).

📊 Affected Assets (2)

EUR/USD

Bearish 🤖 70%

📅 Short-term 🌍 GLOBAL · Explicit

TD Securities now expects Fed hikes in December, January and March instead of just December and March, boosting dollar demand and pushing EUR/USD to temporary support near 1.1047. Technically the pair sits below the 20-day EMA at 1.1170 with RSI at 35.7, signalling persistent downside pressure. October US PPI at 13:30 GMT could amplify or reverse the move.

Catalysts

▼ TD Securities shifts to expecting 25bp Fed hikes in December, January and March
▼ US October PPI release at 13:30 GMT, headline seen at 0.4% after 1.3% in September

Risk Factors

▲ TD Securities warns the Fed could halt tightening if the labor market weakens or equities sell off rapidly
▲ Hot or soft PPI prints could reprice rate expectations either way

USD

Bullish 🤖 70%

📅 Short-term 🌍 US ✨ Inferred

Expectations of additional Fed rate hikes in December, January and March, reinforced by TD Securities' more hawkish stance, keep the Dollar bid and DXY clinging to its 19-month high of 103.24 posted Thursday. Elevated inflation risk supports further tightening. The article notes the Fed could pause if labor market uncertainty or an equity sell-off emerges.

Catalysts

▲ TD Securities now expects 25bp Fed hikes in December, January and March
▲ DXY holds its 19-month high of 103.24 from Thursday

Risk Factors

▼ Possible Fed pause if the labor market deteriorates or equities sell off rapidly
▼ Softer-than-expected PPI could trim rate-hike expectations

🧭 Full analysis of these assets

🎯 Key Takeaways

TD Securities now expects 25bp Fed hikes in December, January, and March.
The US Dollar Index (DXY) maintains a 19-month high of 103.24.
EUR/USD trades at 1.1064, remaining below the 20-day EMA of 1.1170.
US October headline PPI is forecast to rise 0.4% at 13:30 GMT.
Eurozone Q3 GDP is expected to hold at 0.4% in the 10:00 GMT release.

📝 Executive Summary

The Euro trades near 1.1047 against the US Dollar as the Greenback holds a 19-month high of 103.24. TD Securities has adopted a more hawkish outlook, now forecasting 25bp Fed rate hikes in December, January, and March. Investors are now focused on the US October PPI release at 13:30 GMT, with headline growth expected at 0.4%.

❓ FAQ

EUR/USD · Why is the Euro falling against the Dollar today?

The Dollar is stronger because markets expect the Federal Reserve to raise rates more often than previously thought, with TD Securities now forecasting hikes in December, January and March rather than just December and March.

EUR/USD · What data could move EUR/USD next?

The revised Eurozone Q3 GDP estimate at 10:00 GMT, expected at 0.4%, and the US October PPI at 13:30 GMT, with headline growth seen at 0.4% after 1.3% in September.

USD · What is driving the US Dollar higher?

Expectations that the Federal Reserve will deliver more rate hikes than previously anticipated, with TD Securities forecasting 25bp hikes in December, January and March, have pushed the Dollar Index to a 19-month high of 103.24.

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