# Soaring euro punches past parity | MarketPulse by OANDA Group

> EUR/USD traded above parity at 1.0019 after U.S. nonfarm payrolls rose only 200,000, down from 315,000 and the weakest since December 2020, and the euro rose 2.1%. German September industrial production unexpectedly rose 0.6%. Eurozone inflation hit 10.7% in October, and the ECB was expected to keep hiking.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8202-soaring-euro-punches-past-parity-marketpulse-by-oanda-group
- 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. job growth reduces the Fed's tightening outlook and weakens the dollar, supporting dollar-priced commodities. Persistent European inflation and energy headwinds keep some risk in the euro outlook.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | 5 | -2.9% | -4.2 | Weak payrolls and strong euro data pushed EUR/USD through parity around the start of the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Euro rises as Eurozone growth outpaces forecasts](https://feedsoft.ai/events/7686-euro-rises-as-eurozone-growth-outpaces-forecasts.md) | -1.2% | -1.9% |
| 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 | 2022-11-11 | [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 | 2025-05-15 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/24857-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.8% | -2.0% |
| DXY | 2026-01-30 | [Poultry Market Outlook - Jan - Ceva Poultry](https://feedsoft.ai/events/21206-poultry-market-outlook-jan-ceva-poultry.md) | +0.9% | +0.3% |
| EURUSD | 2026-07-30 | [Euro rises as Eurozone growth outpaces forecasts](https://feedsoft.ai/events/7686-euro-rises-as-eurozone-growth-outpaces-forecasts.md) | +1.4% | +2.3% |
| EURUSD | 2019-04-30 | [Euro Pushes Higher On Upbeat First Quarter GDP Estimate](https://feedsoft.ai/events/59792-euro-pushes-higher-on-upbeat-first-quarter-gdp-estimate.md) | +0.3% | +0.1% |
| EURUSD | 2019-04-30 | [Eurozone Q1 GDP Growth Beats Forecasts](https://feedsoft.ai/events/59794-eurozone-q1-gdp-growth-beats-forecasts.md) | +0.3% | +0.1% |

## Sources

- marketpulse.com: https://www.marketpulse.com/news/soaring-euro-punches-past-parity/

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