# Euro erases weekly gains upbeat US jobs data fuel Dollar rally

> US nonfarm payrolls rose by 165,000 in October, above the 65,000 forecast, while unemployment fell to 4.1% and wage growth exceeded expectations. The stronger data boosted the dollar; weaker Eurozone retail sales and cautious ECB commentary also weighed on the euro.

- Date: 2026-11-06 · published 2026-11-06T15:09:34.391Z
- Category: macro · region United States and Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/84126-euro-erases-weekly-gains-upbeat-us-jobs-data-fuel-dollar-rally
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger US employment data keeps the prospect of a December Fed rate hike in play, supporting the dollar against the euro. A stronger dollar can raise the cost of dollar-priced feed imports for buyers whose currencies weaken against it.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | +0.7% | -0.6% |
| DXY | 2025-09-25 | ['Fedspeak' fuels weekly US Dollar gains; Banxico to cut rates \| Convera](https://feedsoft.ai/events/23123-fedspeak-fuels-weekly-us-dollar-gains-banxico-to-cut-rates-convera.md) | -0.0% | +0.7% |
| DXY | 2016-11-16 | [Dollar near 11-month highs as upbeat US data gives rally fresh legs](https://feedsoft.ai/events/8330-dollar-near-11-month-highs-as-upbeat-us-data-gives-rally-fresh-legs.md) | +0.6% | -0.0% |
| DXY | 2024-01-25 | [US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde \| Reuters](https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb.md) | -0.0% | +0.5% |
| DXY | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | +0.6% | +1.3% |
| EURUSD | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | -0.3% | +0.5% |
| EURUSD | 2024-01-25 | [US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde \| Reuters](https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb.md) | -0.4% | -0.8% |
| EURUSD | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | -1.4% | -2.4% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-erases-weekly-gains-upbeat-us-jobs-data-fuel-dollar-rally-202611061422

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