# Currencies in Focus: Why the Euro Is Weakening Significantly Against the US Dollar

> The euro fell against the US dollar on Friday, slipping to around $1.1139 in New York trading after the ECB reference rate was set at $1.1165. A stronger-than-expected October US jobs report and improved consumer sentiment reinforced expectations of a possible December Federal Reserve rate increase.

- Date: 2026-11-06 · published 2026-11-07T18:08:22.463Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/86255-currencies-in-focus-why-the-euro-is-weakening-significantly-against-the-us
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US data and the prospect of higher US rates support the dollar relative to the euro. Dollar strength can weigh on dollar-denominated feed inputs for buyers using other currencies, though the article reports no direct commodity-price move.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-09-30 | [What is driving the US Dollar to multi-month highs against the Euro as PCE data approaches?](https://feedsoft.ai/events/17694-what-is-driving-the-us-dollar-to-multi-month-highs-against-the-euro-as-pce-data.md) | -0.7% | -1.7% |
| EURUSD | 2018-09-26 | [Euro likely to stay weak against dollar until mid-2019 \| The National](https://feedsoft.ai/events/63252-euro-likely-to-stay-weak-against-dollar-until-mid-2019-the-national.md) | -1.8% | -3.2% |
| EURUSD | 2022-07-06 | [Dollar gains, euro falls as energy drives currency swings](https://feedsoft.ai/events/10285-dollar-gains-euro-falls-as-energy-drives-currency-swings.md) | -1.8% | -0.6% |
| EURUSD | 2022-10-27 | [Euro falls against the dollar after ECB rate hike, U.S. data](https://feedsoft.ai/events/39360-euro-falls-against-the-dollar-after-ecb-rate-hike-u-s-data.md) | -1.9% | +3.3% |
| EURUSD | 2017-11-02 | [Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates](https://feedsoft.ai/events/68237-pound-sterling-gbp-plunges-against-the-dollar-usd-and-euro-eur-as-bank-hikes.md) | -0.2% | +2.5% |
| DXY | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | -0.2% | +0.8% |
| DXY | 2022-12-27 | [USD to AUD Forecast: Why The US Dollar Is Strengthening Against The Australian Dollar](https://feedsoft.ai/events/38485-usd-to-aud-forecast-why-the-us-dollar-is-strengthening-against-the-australian.md) | +0.1% | -2.5% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |

## Sources

- finanzen.net: https://www.finanzen.net/nachricht/devisen/us-arbeitsmarktdaten-devisen-im-blick-warum-der-euro-zum-us-dollar-kraeftig-nachgibt-16043645

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