# U.S. dollar falls after private jobs data; euro up as inflation heats up

> The dollar fell to a one-week low after ADP data showed U.S. private payrolls dropped by 301,000 in January, against a Reuters poll forecast of a 207,000 gain. The euro rose for a third day after euro zone inflation hit a record high, which fueled bets on earlier ECB rate increases.

- Date: 2022-02-02 · published 2022-02-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Weaker U.S. jobs data reduced expectations of aggressive Fed tightening, which supports dollar-priced commodities. The price effect on feed ingredients is small.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-28 | [Dollar drops after inflation data - Business & Finance - Business Recorder](https://feedsoft.ai/events/28510-dollar-drops-after-inflation-data-business-and-finance-business-recorder.md) | +0.9% | +3.1% |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| DXY | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | +0.5% | +0.2% |
| DXY | 2022-01-12 | [Dollar slumps as U.S. inflation surge comes in line with expectations](https://feedsoft.ai/events/43389-dollar-slumps-as-u-s-inflation-surge-comes-in-line-with-expectations.md) | -0.2% | -0.0% |
| DXY | 2025-01-15 | [Dollar ends session weaker as inflation eases; yen firms on BOJ talk](https://feedsoft.ai/events/12676-dollar-ends-session-weaker-as-inflation-eases-yen-firms-on-boj-talk.md) | -0.8% | -0.8% |
| EURUSD | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | +3.0% | +5.1% |
| EURUSD | 2022-02-04 | [Dollar rises from two-week low after U.S. jobs surprise](https://feedsoft.ai/events/9876-dollar-rises-from-two-week-low-after-u-s-jobs-surprise.md) | +0.5% | -4.5% |
| EURUSD | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | -0.5% | +0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/02/02/forex-markets-dollar-federal-reserve.html

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