# EUR/USD rebounds sharply as soft US jobs, GDP data sink US Dollar

> EUR/USD rebounded to around 1.1376 after weaker US jobless claims and a revised Q1 GDP contraction weakened the dollar. Markets priced nearly two Fed rate cuts by year-end.

- Date: 2025-05-29 · published 2025-05-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/24905-eur-usd-rebounds-sharply-as-soft-us-jobs-gdp-data-sink-us-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed cuts weaken the dollar, which tends to support US export competitiveness and dollar-priced commodity demand from abroad.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-04-30 | [EUR/USD advances as ECB holds rates, Dollar softens on mixed data](https://feedsoft.ai/events/19943-eur-usd-advances-as-ecb-holds-rates-dollar-softens-on-mixed-data.md) | +0.5% | -0.4% |
| EURUSD | 2025-11-06 | [Dollar weakens amid soft labor US data \| Reuters](https://feedsoft.ai/events/22157-dollar-weakens-amid-soft-labor-us-data-reuters.md) | +1.4% | +1.3% |
| EURUSD | 2025-12-18 | [EUR/USD rebounds as ECB holds rates and US inflation cools](https://feedsoft.ai/events/21719-eur-usd-rebounds-as-ecb-holds-rates-and-us-inflation-cools.md) | +0.3% | -1.3% |
| EURUSD | 2025-12-22 | [EUR/USD rises as ECB stability outshines US Dollar struggles](https://feedsoft.ai/events/21722-eur-usd-rises-as-ecb-stability-outshines-us-dollar-struggles.md) | +0.3% | -0.1% |
| EURUSD | 2025-11-25 | [EUR/USD Forecast: Advances as US data, dovish Fed signal rate cut](https://feedsoft.ai/events/22154-eur-usd-forecast-advances-as-us-data-dovish-fed-signal-rate-cut.md) | +0.7% | +2.2% |
| DXY | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | -0.6% | -2.0% |
| DXY | 2026-04-30 | [EUR/USD advances as ECB holds rates, Dollar softens on mixed data](https://feedsoft.ai/events/19943-eur-usd-advances-as-ecb-holds-rates-dollar-softens-on-mixed-data.md) | -0.8% | -0.1% |
| DXY | 2025-11-06 | [Dollar weakens amid soft labor US data \| Reuters](https://feedsoft.ai/events/22157-dollar-weakens-amid-soft-labor-us-data-reuters.md) | -0.9% | -1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-rebounds-sharply-as-soft-us-jobs-gdp-data-sink-us-dollar-202505291950

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