# Dollar jumps as U.S. jobs growth beats expectations | Financial Post

> The dollar jumped after February nonfarm payrolls rose 379,000, well above the 182,000 forecast by economists polled by Reuters. January payrolls were revised to a gain of 166,000, and the dollar index reached 92.201, its highest since November 25. The data supported Federal Reserve officials' view that the rise in bond yields reflected an improving economic outlook.

- Date: 2021-03-05 · published 2021-03-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10067-dollar-jumps-as-u-s-jobs-growth-beats-expectations-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A strong labor report strengthens the case for earlier Fed rate hikes, which lifts the dollar and pressures dollar-priced feed grains and meals. Stronger U.S. income growth also supports domestic demand for meat and dairy, which underpins feed demand.

## Read by commodity

- DXY: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2021-03-05 | 1 | +0.9% | 3.5 | Strong February payrolls (379k vs 182k expected) on March 5 pushed the dollar index to its highest since November, directly driving the 1-day move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-06-07 | [US job gains surge past expectations, wage growth quickens](https://feedsoft.ai/events/8475-us-job-gains-surge-past-expectations-wage-growth-quickens.md) | +1.4% | +0.8% |
| DXY | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | +2.0% | +1.2% |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2024-02-02 | [South African rand drops as dollar jumps on US jobs report](https://feedsoft.ai/events/31946-south-african-rand-drops-as-dollar-jumps-on-us-jobs-report.md) | +0.6% | +0.6% |
| DXY | 2017-08-09 | [​Gold futures fall as sound job data lifts U.S. dollar_Xinhua Finance Agency](https://feedsoft.ai/events/69369-gold-futures-fall-as-sound-job-data-lifts-u-s-dollar-xinhua-finance-agency.md) | +0.1% | -1.7% |
| LCATTLE | 2025-02-28 | [USDA Ag Outlook Forum: Chief economist Seth Meyer’s shares 2025 expectations for beef, swine, egg, dairy
						 \| The Beef Site](https://feedsoft.ai/events/26183-usda-ag-outlook-forum-chief-economist-seth-meyer-s-shares-2025-expectations-for.md) | -1.3% | +5.8% |
| LCATTLE | 2019-11-04 | [October Cattle on Feed hits expectations \| Western Livestock Journal](https://feedsoft.ai/events/56209-october-cattle-on-feed-hits-expectations-western-livestock-journal.md) | +1.2% | +4.1% |
| LCATTLE | 2025-07-15 | [Strong beef prices fueling rise in grocery costs \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/23707-strong-beef-prices-fueling-rise-in-grocery-costs-agri-pulse-communications-inc.md) | +1.5% | +4.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-jumps-as-u-s-jobs-growth-beats-expectations-2

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