# EUR/USD bounces after NFP misfire pummels Greenback: Analytics and Market news from 2 August 2024 22:27

> EUR/USD climbed back above 1.0900 after US nonfarm payrolls showed 114K jobs added in July against a forecast of 175K. Unemployment rose to 4.3% and June's payroll figure was revised down to 179K from 206K.

- Date: 2024-08-02 · published 2024-08-02T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9286-eur-usd-bounces-after-nfp-misfire-pummels-greenback-analytics-and-market-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The weak labor print boosts expectations of Fed easing, pressuring the dollar and supporting dollar-priced commodities, while a risk-off tone adds some uncertainty to demand outlooks.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2024-08-02 | 1 | +1.2% | 3.7 | Same NFP miss plus a downward revision to June payrolls weakened the dollar, lifting EUR/USD back above 1.0900. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-10-04 | [EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02](https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market.md) | -0.5% | +0.6% |
| EURUSD | 2024-08-30 | [ECB's Nagel: Timely return to price stability cannot be taken for granted: Analytics and Market news from 30 August 2024 00:30](https://feedsoft.ai/events/29015-ecb-s-nagel-timely-return-to-price-stability-cannot-be-taken-for-granted.md) | 0.0% | +0.7% |
| EURUSD | 2024-02-27 | [EUR/USD: Euro is deriving support from three favourable developments – MUFG: Analytics and Market news from 27 February 2024 09:44](https://feedsoft.ai/events/31884-eur-usd-euro-is-deriving-support-from-three-favourable-developments-mufg.md) | +0.1% | -0.2% |
| EURUSD | 2023-06-15 | [European Central Bank hikes rates again and vows more after US Fed hits pause \| AP News](https://feedsoft.ai/events/35700-european-central-bank-hikes-rates-again-and-vows-more-after-us-fed-hits-pause.md) | +0.9% | +3.5% |
| EURUSD | 2022-02-03 | [EUR/USD: A new range after the ECB meeting \| articles \| ING THINK](https://feedsoft.ai/events/9872-eur-usd-a-new-range-after-the-ecb-meeting-articles-ing-think.md) | +1.2% | -2.2% |
| DXY | 2020-08-31 | [USD: Bear trend under way - ING: Analytics and Market news from 31 August 2020 11:38](https://feedsoft.ai/events/51793-usd-bear-trend-under-way-ing-analytics-and-market-news-from-31-august-2020-11-38.md) | +0.1% | +1.4% |
| DXY | 2024-05-16 | [USD/THB continues losing ground on soft USD data: Analytics and Market news from 16 May 2024 19:56](https://feedsoft.ai/events/30570-usd-thb-continues-losing-ground-on-soft-usd-data-analytics-and-market-news-from.md) | +0.2% | +2.2% |
| DXY | 2022-10-04 | [EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02](https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market.md) | +0.5% | +0.2% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3983048

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