# US Dollar Unable to Muster Strength After Blowout NFP | Nasdaq

> US non-farm payrolls for February rose 313,000 against a forecast of 205,000, with the unemployment rate steady at 4.1%. Average hourly earnings grew 2.6% versus an expected 2.8%, which tempered the dollar's response. The dollar index tested above 90.00 but had minimal net movement.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/66192-us-dollar-unable-to-muster-strength-after-blowout-nfp-nasdaq
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The strong jobs headline supports the case for further Fed tightening, which tends to firm the dollar and weigh on dollar-priced commodities. The softer wage figure limits how far rate expectations shift.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-01 | [Trade Weighted US Dollar Index: Broad, Goods and Services (I:TWUSDIBG)](https://feedsoft.ai/events/54306-trade-weighted-us-dollar-index-broad-goods-and-services-i-twusdibg.md) | +0.5% | +0.7% |
| DXY | 2023-10-11 | [Dollar steady on underlying moderate PPI data, dovish Fed officials](https://feedsoft.ai/events/33532-dollar-steady-on-underlying-moderate-ppi-data-dovish-fed-officials.md) | +0.2% | -0.7% |
| DXY | 2025-09-27 | [As the US Dollar weakens, the British Pound rises, reversing its recent decline against it - VT Markets](https://feedsoft.ai/events/23148-as-the-us-dollar-weakens-the-british-pound-rises-reversing-its-recent-decline.md) | -0.3% | +0.3% |
| DXY | 2022-02-10 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/42874-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.1% | +1.7% |
| DXY | 2019-02-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Fourth Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/60505-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.6% | -0.3% |

## Sources

- nasdaq.com: https://www.nasdaq.com/articles/us-dollar-unable-muster-strength-after-blowout-nfp-2018-03-09

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