# Dollar index pares losses after US nonfarm payrolls data

> The dollar rose modestly against the yen after US nonfarm payrolls showed strong October job growth and the largest annual wage gain in 9.5 years. Gains were limited as investors remained focused on hopes for a US-China trade deal. The dollar index was little changed near 96.46 after hitting a 16-month high earlier in the week.

- Date: 2018-11-02 · published 2018-11-02T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/62281-dollar-index-pares-losses-after-us-nonfarm-payrolls-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes US commodity exports less competitive and tends to weigh on grain and oilseed prices, while stronger Fed tightening expectations add to the broader macro backdrop for feed costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-23 | [Euro slumps, dollar index edges higher after PMI data](https://feedsoft.ai/events/28526-euro-slumps-dollar-index-edges-higher-after-pmi-data.md) | -0.2% | +2.5% |
| DXY | 2025-07-31 | [US Dollar Index trades near 100.00, inches lower ahead of PCE inflation data](https://feedsoft.ai/events/23956-us-dollar-index-trades-near-100-00-inches-lower-ahead-of-pce-inflation-data.md) | -0.7% | -0.6% |
| DXY | 2025-03-26 | [US Dollar holds ground after mid-tier data](https://feedsoft.ai/events/25775-us-dollar-holds-ground-after-mid-tier-data.md) | +0.3% | -2.9% |
| DXY | 2021-06-30 | [U.S. dollar posts best month since November 2016; nonfarm payrolls loom \| Financial Post](https://feedsoft.ai/events/46778-u-s-dollar-posts-best-month-since-november-2016-nonfarm-payrolls-loom-financial.md) | +0.8% | +0.8% |
| DXY | 2023-07-01 | [Dollar index hits two-week high after data; yen remains soft](https://feedsoft.ai/events/35681-dollar-index-hits-two-week-high-after-data-yen-remains-soft.md) | -0.3% | -1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/02/forex-markets-dollar-british-pound-stock-markets-in-focus.html

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