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Forecasters expect US October nonfarm payrolls to rise to about 65,000, more than double the prior pace, with unemployment steady at 4.2%. Job openings, layoffs, jobless claims and trade data are also due in the coming week.
Economists say the labor market is losing momentum but not breaking, keeping the Fed on track for further rate hikes.
Stronger jobs data raises expectations of further Fed tightening, which tends to lift the dollar and raise financing costs for feed-grain exporters and livestock producers. A firmer dollar can weigh on US commodity prices priced in dollars.
business-standard.comBloombergNov 1, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
