# US dollar sags after weaker-than-expected jobs data, Fed's Powell comments

> The dollar weakened after softer-than-expected US jobs data and comments from Fed Chair Powell. The euro was poised for its best week in 16 years, gaining 4.5% against the dollar on German fiscal reforms.

- Date: 2025-03-07 · published 2025-03-07T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar on softer US labor data and expected Fed easing supports dollar-priced commodities such as corn and soybeans, while the euro's rally reflects German spending plans.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2025-03-07 | 5 | +4.4% | 5.8 | Weak US jobs data and Powell comments weakened the dollar on March 7, and the euro was set for its best week in 16 years (+4.5%), closely matching the 5-day move. |
| DXY | 2025-03-07 | 5 | -1.8% | -3.2 | Weaker US jobs data and Powell comments cut dollar support on the final day, while the euro posted its best week in 16 years. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | -0.3% | -1.3% |
| DXY | 2023-11-15 | [Ringgit Gains Ground As US Dollar Weakens On Lower-Than-Expected CPI Data](https://feedsoft.ai/events/33435-ringgit-gains-ground-as-us-dollar-weakens-on-lower-than-expected-cpi-data.md) | -0.9% | -0.2% |
| DXY | 2026-07-30 | [Australian Dollar rallies despite softer CPI as US Dollar tumbles after Fed, weaker data](https://feedsoft.ai/events/18598-australian-dollar-rallies-despite-softer-cpi-as-us-dollar-tumbles-after-fed.md) | -1.2% | -1.9% |
| 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 | 2026-01-01 | [Dollar falls versus yen after smaller-than-expected rise in US inflation, euro eases](https://feedsoft.ai/events/21690-dollar-falls-versus-yen-after-smaller-than-expected-rise-in-us-inflation-euro.md) | +0.3% | -1.5% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |
| EURUSD | 2021-11-23 | [Dollar gains, euro recovers on better than expected data \| Reuters](https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters.md) | +0.2% | +0.1% |
| EURUSD | 2018-01-26 | [Top European officials are slamming Mnuchin's comments on a weaker dollar](https://feedsoft.ai/events/67187-top-european-officials-are-slamming-mnuchin-s-comments-on-a-weaker-dollar.md) | -0.0% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/us-dollar-struggles-near-4-month-low-amid-growth-concern-jobs-data-spotlight-2025-03-07/

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