# US Dollar falls sharply after NFP as US yields plummet: Analytics and Market news from 3 November 2023 13:42

> October nonfarm payrolls rose by 150,000, below the 180,000 expected, and the unemployment rate rose to 3.9%. US yields fell sharply, with the 2-year dropping toward 4.85% and the 10-year falling to 4.55%, and the Dollar Index fell to its lowest since September 20.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11462-us-dollar-falls-sharply-after-nfp-as-us-yields-plummet-analytics-and-market
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The weak payrolls report pushes the dollar lower and supports dollar-priced grain and feed prices, though softer US economic momentum may limit demand expectations.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2023-11-03 | 1 | -0.9% | -3.2 | Payrolls miss (150k vs 180k) and rising unemployment sent 2-year and 10-year yields sharply lower, pushing the Dollar Index to its lowest since Sept 20. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-11 | [EURUSD’s rally extends beyond 1.0300 with the Dollar in free fall: Analytics and Market news from 11 November 2022 16:24](https://feedsoft.ai/events/8197-eurusd-s-rally-extends-beyond-1-0300-with-the-dollar-in-free-fall-analytics-and.md) | -0.7% | -1.6% |
| DXY | 2022-11-11 | [EURUSD surged almost 4% weekly, eyeing the 200-DMA: Analytics and Market news from 11 November 2022 23:21](https://feedsoft.ai/events/8200-eurusd-surged-almost-4-weekly-eyeing-the-200-dma-analytics-and-market-news-from.md) | -0.7% | -1.6% |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |
| DXY | 2020-03-26 | [Forex markets: Dollar drops as US jobless claims surge](https://feedsoft.ai/events/6584-forex-markets-dollar-drops-as-us-jobless-claims-surge.md) | -0.8% | -0.7% |
| DXY | 2019-01-09 | [US Dollar Falls, Gold Price Surpasses $1290 on Dovish FOMC Meeting Minutes](https://feedsoft.ai/events/61007-us-dollar-falls-gold-price-surpasses-1290-on-dovish-fomc-meeting-minutes.md) | -0.5% | -0.3% |
| CORN | 2022-11-11 | [EURUSD’s rally extends beyond 1.0300 with the Dollar in free fall: Analytics and Market news from 11 November 2022 16:24](https://feedsoft.ai/events/8197-eurusd-s-rally-extends-beyond-1-0300-with-the-dollar-in-free-fall-analytics-and.md) | +3.0% | -3.8% |
| CORN | 2022-09-12 | [Key data in USDA's September 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39552-key-data-in-usda-s-september-12-wasde-report-and-difference-from-market.md) | -1.1% | -1.5% |
| CORN | 2023-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/33587-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | -0.4% | -1.5% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3915986

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