Euro drops for the fourth session and stays below $1.11

O the euro has fallen to the dollar today, remaining below $1.11, a minimum of the last 19 months, after disclosure of data on producer prices in the US and economic growth in the euro area.

At 6 p.m. (Lisbon time), the euro was worth $1,1028, when on Thursday, at the same time, it negotiated at $1,1047.

The euro has also depreciated against the pound and compared to the yen.

The European Central Bank (ECB) today set the reference exchange of the euro at $1,1052.

The producer price index (IPP) accelerated further in October in the United States of America (USA), to 6.5% compared to the same month of 2025, a maximum since the end of 2022, according to official data published today.

These data reinforce the expectations that the US Federal Reserve (Fed) will increase the leading interest rates at the December meeting and that it can even move forward with an increase of 50 basis points.

This adds to the new rise in oil prices that has been taking place, after US President Donald Trump said that the US does not need an agreement with Iran.

Nevertheless, by the end of the afternoon prices were beginning to stabilise. By 18:07 from Lisbon, the reference barrel of brent for European imports, for delivery in January, dropped 0.09% to $95.73.

The gross domestic product (GDP) of the euro area has advanced by 1.3% and that of the European Union (EU) by 1.5% in the third quarter, compared to the same period of 2025, with 2.4% rising in Portugal, Eurostat today released.

According to the rapid estimate, compared to the previous quarter, between July and September, GDP grew by 0.4% in the euro area and 0.5% in the EU and 0.2% in Portugal.

In addition, annual inflation in France rose by three tenths in October and stood at 3.4%.

In Spain, inflation stood at 4.9% in October, the same figure as in the previous month, remaining the highest rate since February 2023.