# EUR/USD settles in the low 1.1900s, set for worst week since October — Octa

> EUR/USD settled in the low 1.1900s and was on track for its worst week since October 2020, down about 1.3% on the week. Weakness followed Powell's remarks, a strong US payrolls report and a wider yield gap favouring the dollar.

- Date: 2021-03-05 · published 2021-03-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11421-eur-usd-settles-in-the-low-1-1900s-set-for-worst-week-since-october-octa
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent dollar strength driven by yield differentials is a routine headwind for dollar-priced commodity exports, though this is a market wrap without a new supply or demand shock.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-03-05 | 1 | -1.1% | -3.2 | EUR/USD settled in the low 1.19s on the worst week since October, driven by a strong US payrolls report and a widening yield gap favouring the dollar. |
| DXY | 2021-03-05 | 1 | +0.9% | 3.5 | EUR/USD fell to the low 1.1900s on March 5 on strong payrolls and a widening yield gap, reflecting broad dollar strength given the euro's large index weight. |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/887152/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.