2025.11.1309:59:37UTC+00Euro Strengthens Above $1.16

The euro climbed above $1.16, nearing its strongest position since late October, driven by an improved risk appetite after the reopening of the US federal government. Investors are now focusing on forthcoming guidance regarding the monetary policies of the European Central Bank (ECB) and the Federal Reserve (Fed). US President Donald Trump signed legislation on Wednesday evening, effectively ending the 43-day government shutdown and enabling the release of delayed US economic data. However, officials in Washington warned that employment and inflation statistics for October might remain unpublished. In terms of monetary policy, it is widely anticipated that the ECB will maintain steady interest rates, with a mere 40% chance projected for a rate cut by September 2026. Luis de Guindos, Vice President of the ECB, reaffirmed that current rates remain fitting and urged the central bank to exercise "very prudent and cautious" considerations. Concurrently, expectations for a Federal Reserve rate cut in December have intensified following disappointing US labor data, despite differing opinions among Fed officials.