# Australia, NZ dollars nurse heavy losses after hot U.S. jobs data; RBA next up - Markets - Business Recorder

> The Australian and New Zealand dollars fell after US nonfarm payrolls rose 517,000 in January, well above expectations of 185,000, and unemployment fell to 3.4%. Markets priced in higher Federal Reserve rates peaking above 5%.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37591-australia-nz-dollars-nurse-heavy-losses-after-hot-u-s-jobs-data-rba-next-up
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger US data lifts the dollar and tightens financial conditions, which tends to pressure dollar-denominated commodity prices including grains and feed ingredients.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-26 | [Wheat extends losses on better US crop outlook, firmer dollar - Markets - Business Recorder](https://feedsoft.ai/events/11777-wheat-extends-losses-on-better-us-crop-outlook-firmer-dollar-markets-business.md) | -0.0% | +1.1% |
| DXY | 2022-07-13 | [US MIDDAY: Grains: Losses deepen - Markets - Business Recorder](https://feedsoft.ai/events/4310-us-midday-grains-losses-deepen-markets-business-recorder.md) | -0.8% | -1.3% |
| DXY | 2022-02-04 | [Dollar rises from two-week low after U.S. jobs surprise](https://feedsoft.ai/events/9876-dollar-rises-from-two-week-low-after-u-s-jobs-surprise.md) | -0.3% | +1.5% |
| DXY | 2016-11-15 | [Dollar hovers at 11-month high after upbeat U.S. data](https://feedsoft.ai/events/7744-dollar-hovers-at-11-month-high-after-upbeat-u-s-data.md) | +0.2% | -0.4% |
| 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40224591

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