Euro news this week: what moves the euro
Euro news for 2 to 6 November 2026: the European Central Bank's deposit rate is 2.50%, its next decision is on Thursday 17 December and this week's calendar has one high-impact event for the EUR.
The Euro is set against the rest by one bank, the European Central Bank (ECB), and by the things that bank has to react to. Here is the rate it has set, what it is aiming at, the releases that move this currency and what is on the calendar this week.
By Mike, founder of MacroSetup. Page updated . Rate and calendar as the research last recorded them, 6 November 2026, 21:12 Amsterdam time.
Euro news this week in short
- Central bank
- European Central Bank (ECB)
- Policy rate
- 2.50%
- What the bank targets
- Price stability: inflation at 2% over the medium term
The three things that move it
- 1The gap between what the European Central Bank is doing and what the Federal Reserve is doing, more than either one alone.
- 2Growth in the euro area, and in Germany in particular, read through the purchasing managers' surveys.
- 3Energy prices, because the bloc imports most of what it burns.
Driven by the gap between ECB and Fed policy, growth in the euro area and energy prices.
On the calendar this week
- Wed 11:00Eurozone inflation
Times in Amsterdam. The whole week for all eight is on the calendar page.
Every release that moves the Euro
What each one is, when it comes out, which line the market reads first, and what the EUR did on the last release days.
- ECB rate decisionHigh impactWhen the ECB decides, which of its three rates the market quotes, what the press conference adds, and why the euro often moves on the words more than the rate.
- Eurozone inflationHigh impactWhat the eurozone HICP flash measures, when Eurostat publishes it, which line the market reads first, and why the ECB and the euro react to a surprise in it.
- German CPIWhat German CPI measures, why its flash lands before the eurozone figure, which line the market reads first, and how the euro trades it on the day it comes out.
- Eurozone PMIWhat the Eurozone PMI measures, why the flash comes out a week before the month ends, what a reading of 50 means, and how the euro trades the composite figure.
- ZEW economic sentimentWhat the ZEW indicator of economic sentiment asks financial experts, when it comes out, how to read a balance below zero, and why the euro reacts to a surprise.
- Ifo business climateWhat the ifo business climate index asks 9,000 German firms, when it comes out, how to read the outlook against the current situation, and why the euro cares.
- Eurozone GDPWhat Eurozone GDP measures, why Eurostat publishes it in three steps after each quarter, which number the market reads first, and when it moves the euro.
Sources
The rate, the target and the meeting dates come from the European Central Bank (ECB) itself: European Central Bank; ECB, Governing Council meeting calendar; ECB, monetary policy decisions. The rate is the one the research last recorded from the bank.
The releases above are published by Eurostat; Destatis, Federal Statistical Office of Germany; S&P Global; ZEW Leibniz Centre for European Economic Research, Mannheim; ifo Institute. Each release page names its own sources.
The other seven
A currency is only strong or weak against another one, so the page next door matters as much as this one.
- USD US dollar
- JPY Japanese yen
- GBP British pound
- CHF Swiss franc
- AUD Australian dollar
- NZD New Zealand dollar
- CAD Canadian dollar
What the rate gap between two of them pays is on the rate differentials page, and how a pair is scored from two currencies is on the fundamental bias page.
Questions about the Euro
What moves the Euro?
What the European Central Bank (ECB) does and is expected to do, the releases that bank steers by, the mood of the wider market, and anything political big enough to be priced. A currency only moves against another one, so the same questions apply to the other side of the pair.
Which central bank sets the EUR rate, and what is it aiming at?
The European Central Bank (ECB). Its goal is price stability, which it defines as inflation at 2% over the medium term. A release matters most when it speaks to that goal.
Where can I see the current EUR policy rate?
2.50%, as the research last recorded it. You will find it in the "In short" table of this page, next to the date of the next scheduled meeting, and beside the other seven rates on our rate differentials page. Both follow the research, so a decision shows up on the day it is made. All eight rates
Do you publish a EUR forecast?
No. We publish a reading of now: how the currency scores against the other seven today and why, rewritten when the news changes. Nobody here will tell you where a currency will be next month. How past calls turned out