# Euro keeps spiraling down despite downbeat U.S. data

> The euro fell for an eighth straight session to an 11-month low at 1.0695 despite weak US producer price data. Markets are pricing a 75% chance of a December Fed rate hike, and EIA data showed a 5.3 million barrel rise in US crude stocks.

- Date: 2016-11-16 · published 2016-11-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/9132-euro-keeps-spiraling-down-despite-downbeat-u-s-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of Fed tightening keep the dollar firm, which weighs on dollar-denominated feed commodities; the crude inventory build adds bearish pressure on energy.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-26 | [Euro falls despite report signaling ECB rate hike](https://feedsoft.ai/events/18102-euro-falls-despite-report-signaling-ecb-rate-hike.md) | +0.4% | +1.6% |
| DXY | 2021-09-16 | [Sterling slips versus stronger dollar after U.S. data beat](https://feedsoft.ai/events/45309-sterling-slips-versus-stronger-dollar-after-u-s-data-beat.md) | +0.6% | +1.1% |
| DXY | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +1.0% | +1.7% |
| DXY | 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) | +0.7% | -2.5% |
| DXY | 2022-06-23 | [Euro sinks after bleak manufacturing, services data; U.S. dollar rises](https://feedsoft.ai/events/41159-euro-sinks-after-bleak-manufacturing-services-data-u-s-dollar-rises.md) | +0.4% | +2.0% |
| EURUSD | 2026-08-26 | [Euro falls despite report signaling ECB rate hike](https://feedsoft.ai/events/18102-euro-falls-despite-report-signaling-ecb-rate-hike.md) | -0.7% | -2.4% |
| 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 | 2022-06-23 | [Euro sinks after bleak manufacturing, services data; U.S. dollar rises](https://feedsoft.ai/events/41159-euro-sinks-after-bleak-manufacturing-services-data-u-s-dollar-rises.md) | -1.0% | -3.6% |

## Sources

- economies.com: https://www.economies.com/forex/eur-usd-news/euro-keeps-spiraling-down-despite-downbeat-u.s.-data-18353

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