1.1133 USD = 1 EUR 2026-10-28 ECB Reference rate

The European Central Bank has published its euro reference rate for 28 October 2026, setting the euro at 1.1133 US dollars. The fixing is a daily benchmark calculated from concertation between central banks at 14:15 CET and is used widely for valuing euro-denominated contracts, translating reserves, and settling certain transactions, so it anchors reference pricing across the currency pair. The level reflects prevailing spot conditions and the relative policy expectations of the Federal Reserve and the ECB, with any move in the euro-dollar rate driven primarily through interest rate differentials and shifts in relative growth and inflation outlooks. The EUR/USD pair, the euro and dollar themselves, and euro-linked short-dated rate instruments are most directly exposed to daily fixings, while the ECB's reference rate series itself serves as a settlement input rather than a market price driver. Traders should watch the next euro-area flash inflation release and any Federal Reserve communication ahead of the fixing window, as surprises in either will likely determine whether the 1.1133 level holds or is repriced.

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

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