The European Central Bank published its euro reference rate for 29 October 2026, fixing one euro at 1.1130 US dollars. This is a daily benchmark calculated from concertation between central banks at 14:15 CET, and it is used for official accounting, contract valuation, and reporting rather than as a market trading price. The fixing itself transmits information through the exchange-rate channel: a level of 1.1130 reflects the prevailing relative stance of euro-area and US interest rates, growth expectations, and risk sentiment, and moves in the pair shift the dollar value of euro-denominated earnings and dollar-denominated euro-area imports. The euro-dollar pair and EUR-linked currency crosses are the most directly exposed, while exporters and multinationals with significant translation exposure in either currency will see revaluation effects in their reported results. Traders should watch the next ECB policy communication and euro-area inflation flash estimates, along with US Federal Reserve rate signals, since shifts in the rate differential are the most likely driver of any subsequent move away from this reference level.
1.1130 USD = 1 EUR 2026-10-29 ECB Reference rate
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