# Euro gives back early gains as US Dollar rebounds, US NFP data awaited

> The euro gave up its early gains against the dollar on Thursday, with EUR/USD near 1.1228 after a session high of 1.1268. The Dollar Index recovered to about 101.54 despite political headwinds and a sharp fall in oil prices. Eurozone flash inflation expectations strengthened the case for further ECB hikes.

- Date: 2026-11-05 · published 2026-11-05T12:07:50.011Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/81616-euro-gives-back-early-gains-as-us-dollar-rebounds-us-nfp-data-awaited
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency swings of this size shift the relative cost of US and European feed purchases only slightly. Oil's drop is the more relevant price factor for biofuel and freight costs.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-08-29 | [Dollar eases off of 20-year high as euro boosted by rates view \| Reuters](https://feedsoft.ai/events/40214-dollar-eases-off-of-20-year-high-as-euro-boosted-by-rates-view-reuters.md) | +0.3% | -3.8% |
| EURUSD | 2026-04-28 | [Euro-Dollar Driven by War, Not Rates: UniCredit](https://feedsoft.ai/events/19947-euro-dollar-driven-by-war-not-rates-unicredit.md) | -0.3% | -0.9% |
| EURUSD | 2025-09-30 | [Euro Firms as Inflation Data Backs Rate Caution](https://feedsoft.ai/events/23094-euro-firms-as-inflation-data-backs-rate-caution.md) | -0.2% | -0.6% |
| EURUSD | 2020-12-09 | [ECB Euro Cheat Sheet: Weak Dollar Trend Makes It More Difficult To Reverse EUR/USD Gains](https://feedsoft.ai/events/49862-ecb-euro-cheat-sheet-weak-dollar-trend-makes-it-more-difficult-to-reverse-eur.md) | +0.4% | +1.2% |
| EURUSD | 2024-05-29 | [EUR/USD: Euro May Turn Lower vs. Dollar on Eurozone CPI Data \| tastylive](https://feedsoft.ai/events/30471-eur-usd-euro-may-turn-lower-vs-dollar-on-eurozone-cpi-data-tastylive.md) | -0.0% | -1.8% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |
| DXY | 2025-10-30 | [Dollar hands back some gains after Fed meeting; euro looks to ECB By Investing.com](https://feedsoft.ai/events/22616-dollar-hands-back-some-gains-after-fed-meeting-euro-looks-to-ecb-by-investing.md) | +1.1% | +0.4% |
| DXY | 2022-12-02 | [Dollar gives back gains, strong wage growth complicates Fed policy](https://feedsoft.ai/events/38422-dollar-gives-back-gains-strong-wage-growth-complicates-fed-policy.md) | +0.3% | -0.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-gives-back-early-gains-as-us-dollar-rebounds-us-nfp-data-awaited-202611051109

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