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EUR/USD Outlook: Dollar Direction Hinges on ADP, ISM, and Tariff Deliberations

EUR/USD could see near-term strength as markets weigh Treasury curve moves, Fed policy expectations, and Supreme Court developments. The euro may get a lift unless U.S. data prints stronger than expected, which could reduce the chances of a December Fed rate cut and push the dollar higher.
Date: 05.11.2025  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.162600 -0.54748%
GBPUSD 1.331090 -0.69975%
USDJPY 157.512000 +0.088325%
XAUUSD 5298.015000 -0.44946%
USDCAD 1.369260 +0.14481%
NZDUSD 0.590120 -0.59128%
USDCHF 0.783930 +0.67551%
AUDUSD 0.706070 -0.43713%
EURGBP 0.873350 +0.17435%
EURJPY 183.113000 -0.43553%
GBPJPY 209.664000 -0.5705%
AUDJPY 111.220000 -0.43418%
CADJPY 115.032000 -0.006954%
CHFJPY 200.898000 -0.59567%
NZDJPY 92.949000 -0.58824%
GBPCHF 1.043470 -0.006708%
EURCHF 0.911410 +0.10544%
USDMXN 17.442500 +0.86993%
USDZAR 16.285010 +1.20445%
USDTRY 43.963700 -0.001137%
USDRUB 77.490000 +0.025171%
USDSEK 9.209180 +0.59192%
USDCNY 6.898800 +0.24994%

Upcoming Important Events

Time Country Event Forecast Previous
03.03.2026
10:00 Inflation Rate YoY (Feb) 1.1 1
04.03.2026
00:30 🇦🇺 GDP Growth Rate QoQ (Q4) 0.8 0.4
01:30 NBS Manufacturing PMI (Feb) 49.9 49.3
01:45 Manufacturing PMI (Feb) 50.5 50.3
05:00 🇯🇵 Consumer Confidence (Feb) 38.1 37.9
08:00 🇺🇸 ISM Non-Manufacturing PMI (Feb) 53.8
08:00 🇺🇸 ISM Non-Manufacturing Prices (Feb) 66.6
15:00 🇺🇸 ISM Non-Manufacturing PMI (Feb) 53.5 53.8
15:00 🇺🇸 ISM Non-Manufacturing Prices (Feb) 66.6
15:00 🇺🇸 ISM Services PMI (Feb) 53 53.8