# EURUSD’s rally extends beyond 1.0300 with the Dollar in free fall: Analytics and Market news from 11 November 2022 16:24

> EUR/USD rallied above 1.0300 to three-month highs on Friday, extending a gain of over 3% in two sessions after the softer U.S. CPI report. Reports that China would relax COVID-19 restrictions and shorten quarantines also lifted risk sentiment. Nordea forecast 1.05 near term but 0.97 in three months.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8197-eurusd-s-rally-extends-beyond-1-0300-with-the-dollar-in-free-fall-analytics-and
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

China's reopening signals firmer demand expectations for commodities, while a weaker dollar supports dollar-denominated prices. Both factors point to firmer price support for feed ingredients.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | 5 | -2.9% | -4.2 | EUR/USD gained over 3% in two sessions on CPI and China reopening hopes, mirroring dollar weakness. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-11 | [EURUSD surged almost 4% weekly, eyeing the 200-DMA: Analytics and Market news from 11 November 2022 23:21](https://feedsoft.ai/events/8200-eurusd-surged-almost-4-weekly-eyeing-the-200-dma-analytics-and-market-news-from.md) | -0.7% | -1.6% |
| DXY | 2023-11-03 | [US Dollar falls sharply after NFP as US yields plummet: Analytics and Market news from 3 November 2023 13:42](https://feedsoft.ai/events/11462-us-dollar-falls-sharply-after-nfp-as-us-yields-plummet-analytics-and-market.md) | -0.6% | -2.0% |
| DXY | 2023-02-09 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/37521-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +0.3% | +1.1% |
| DXY | 2020-11-09 | [The Fed - Foreign Exchange Rates - H.10 -  November 09, 2020](https://feedsoft.ai/events/50374-the-fed-foreign-exchange-rates-h-10-november-09-2020.md) | -0.1% | -1.7% |
| DXY | 2020-11-12 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Third Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/50328-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.5% | -1.7% |
| CORN | 2023-11-03 | [US Dollar falls sharply after NFP as US yields plummet: Analytics and Market news from 3 November 2023 13:42](https://feedsoft.ai/events/11462-us-dollar-falls-sharply-after-nfp-as-us-yields-plummet-analytics-and-market.md) | +1.0% | -1.0% |
| CORN | 2022-09-12 | [Key data in USDA's September 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39552-key-data-in-usda-s-september-12-wasde-report-and-difference-from-market.md) | -1.1% | -1.5% |
| CORN | 2023-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/33587-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | -0.4% | -1.5% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3810962

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