# EURUSD loses ground ahead of NFP

> The article previews the US October nonfarm payrolls report, with consensus expecting 70,000 jobs added and an unchanged 4.2% unemployment rate. It says stronger-than-expected employment data could revive expectations of a December Federal Reserve rate hike and support the dollar.

- Date: 2026-11-06 · published 2026-11-07T12:08:21.851Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/85881-eurusd-loses-ground-ahead-of-nfp
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer US labor market could increase expected interest rates and strengthen the dollar against the euro, affecting the cost of dollar-denominated feed imports for buyers using other currencies.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-06-19 | [EUR/USD Loses Ground as Market Sentiment Favours the US Dollar \| Investing.com](https://feedsoft.ai/events/11516-eur-usd-loses-ground-as-market-sentiment-favours-the-us-dollar-investing-com.md) | -0.6% | -0.5% |
| EURUSD | 2024-01-29 | [US dollar forecast: USD at the mercy of the Fed, BoE and NFP ahead \| IG SG](https://feedsoft.ai/events/32289-us-dollar-forecast-usd-at-the-mercy-of-the-fed-boe-and-nfp-ahead-ig-sg.md) | -0.7% | -0.1% |
| EURUSD | 2018-11-05 | [EURUSD retreats on ECB Italy and soft data ahead of US midterm elections](https://feedsoft.ai/events/62241-eurusd-retreats-on-ecb-italy-and-soft-data-ahead-of-us-midterm-elections.md) | -0.5% | -0.3% |
| EURUSD | 2024-05-29 | [Big moves ahead: ECB’s interest rate cut and the future of EUR/USD](https://feedsoft.ai/events/30469-big-moves-ahead-ecb-s-interest-rate-cut-and-the-future-of-eur-usd.md) | -0.0% | -1.8% |
| EURUSD | 2023-10-31 | [EUR/USD retreats on mixed EU data, ahead of Fed’s decision – Noor Trends](https://feedsoft.ai/events/33846-eur-usd-retreats-on-mixed-eu-data-ahead-of-fed-s-decision-noor-trends.md) | +1.2% | +3.3% |

## Sources

- xtb.com: https://www.xtb.com/int/market-analysis/news-and-research/eurusd-loses-ground-ahead-of-nfp

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