# EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02

> EUR/USD climbed toward parity after JOLTS job openings fell by a record amount and the September ISM manufacturing index slid. US 10-year yields fell and the DXY dropped below 110.50.

- Date: 2022-10-04 · published 2022-10-04T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer US data and lower yields weaken the dollar, which tends to lift dollar-priced commodities. The move is a short-term currency driver rather than a direct supply or demand change.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-10-04 | 5 | +3.8% | 3.7 | Record drop in JOLTS openings and weak ISM manufacturing pushed US yields and the dollar lower, driving EUR/USD toward parity on Oct 4, the main day of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-08-02 | [EUR/USD bounces after NFP misfire pummels Greenback: Analytics and Market news from 2 August 2024 22:27](https://feedsoft.ai/events/9286-eur-usd-bounces-after-nfp-misfire-pummels-greenback-analytics-and-market-news.md) | +1.2% | +2.8% |
| 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 | 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 | 2021-10-28 | [Euro Rises Against USD Amid Interest Rate Market Moves](https://feedsoft.ai/events/44755-euro-rises-against-usd-amid-interest-rate-market-moves.md) | -0.1% | -2.6% |
| EURUSD | 2020-07-28 | [Rates Spark: The weaker USD, the Fed and cross currency \| articles \| ING THINK](https://feedsoft.ai/events/52298-rates-spark-the-weaker-usd-the-fed-and-cross-currency-articles-ing-think.md) | 0.0% | +0.5% |
| DXY | 2023-10-10 | [USD/PEN declines amid dovish Fed, eyes on inflation data from the US: Analytics and Market news from 10 October 2023 21:42](https://feedsoft.ai/events/33902-usd-pen-declines-amid-dovish-fed-eyes-on-inflation-data-from-the-us-analytics.md) | -0.0% | -1.4% |
| DXY | 2021-11-30 | [USD/CAD retreats from two-month high amid weaker USD, Canadian GDP in focus: Analytics and Market news from 30 November 2021 12:04](https://feedsoft.ai/events/44265-usd-cad-retreats-from-two-month-high-amid-weaker-usd-canadian-gdp-in-focus.md) | -0.4% | -1.0% |
| DXY | 2020-12-04 | [USD: An important week for the dollar bear trend - ING: Analytics and Market news from 4 December 2020 12:07](https://feedsoft.ai/events/49847-usd-an-important-week-for-the-dollar-bear-trend-ing-analytics-and-market-news.md) | -0.0% | -1.0% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3798486

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