# EUR/USD tumbles below 1.1600 to lowest in two weeks: Analytics and Market news from 29 October 2021 15:05

> EUR/USD fell below 1.1600 to its lowest level in two weeks as the dollar strengthened broadly, with the euro also weakening against the Swiss franc and pound. The move followed end-of-month flows and positioning ahead of the upcoming FOMC meeting, where the Fed was set to begin tapering.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7164-eur-usd-tumbles-below-1-1600-to-lowest-in-two-weeks-analytics-and-market-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar on Fed tapering expectations pressures dollar-priced commodities and makes US exports less competitive.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-10-29 | 1 | -1.1% | -4.4 | On 29 Oct EUR/USD fell below 1.16 to a two-week low on broad dollar strength, end-of-month flows and positioning ahead of the Fed tapering meeting, directly describing the move. |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3700295

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