# EUR/USD Forecast: Euro Under Pressure After Strong NFP Data

> The euro fell nearly 0.7% against the US dollar after the October US payrolls report showed 165,000 jobs added, above expectations of 65,000. The stronger-than-expected data revived expectations of a relatively more aggressive Federal Reserve and added pressure to EUR/USD.

- Date: 2026-11-06 · published 2026-11-07T03:10:15.998Z
- Category: macro · region United States and euro area · magnitude low
- Page: https://feedsoft.ai/events/85419-eur-usd-forecast-euro-under-pressure-after-strong-nfp-data
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar can raise the cost of dollar-priced feed inputs for buyers using other currencies, while the direct commodity impact is indirect.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-08-31 | [EUR/USD still under pressure – Danske Bank — Octa](https://feedsoft.ai/events/69668-eur-usd-still-under-pressure-danske-bank-octa.md) | +0.8% | -1.3% |
| EURUSD | 2021-11-22 | [EUR/USD Forecasts Downgraded On Euro-Zone Covid Stresses: Goldman Sachs](https://feedsoft.ai/events/44250-eur-usd-forecasts-downgraded-on-euro-zone-covid-stresses-goldman-sachs.md) | -0.5% | -0.2% |
| EURUSD | 2023-04-28 | [EUR/USD Rate Forecast: Near-term Peak is Close DNB Bank](https://feedsoft.ai/events/36618-eur-usd-rate-forecast-near-term-peak-is-close-dnb-bank.md) | -0.1% | -2.7% |
| EURUSD | 2024-09-23 | [US Dollar Forecast: EUR/USD Falls as Weak Eurozone Data Fuels ECB Rate Cut Bets \| FXEmpire](https://feedsoft.ai/events/28531-us-dollar-forecast-eur-usd-falls-as-weak-eurozone-data-fuels-ecb-rate-cut-bets.md) | 0.0% | -3.0% |
| EURUSD | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | +0.3% | +1.6% |
| DXY | 2017-03-31 | [AUD/USD: under pressure on strong dollar, awaiting Chinese data — Octa](https://feedsoft.ai/events/72248-aud-usd-under-pressure-on-strong-dollar-awaiting-chinese-data-octa.md) | +0.4% | +0.4% |
| DXY | 2017-11-02 | [More Losses Forecast for Pound Sterling vs. Euro and US Dollar by ABN Amro's Boele](https://feedsoft.ai/events/68242-more-losses-forecast-for-pound-sterling-vs-euro-and-us-dollar-by-abn-amro-s.md) | -0.1% | -1.5% |
| DXY | 2021-11-22 | [EUR/USD Forecasts Downgraded On Euro-Zone Covid Stresses: Goldman Sachs](https://feedsoft.ai/events/44250-eur-usd-forecasts-downgraded-on-euro-zone-covid-stresses-goldman-sachs.md) | +1.2% | +0.7% |

## Sources

- stonex.com: https://www.stonex.com/en-gb/news-and-analysis/eur-usd-forecast-euro-under-pressure-after-strong-nfp-data-2026-11-06/

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