# US Dollar Survived Dovish FOMC Statement, Lackluster Jobs Report

> The dollar index held near 94.86 for the week ending November 3 despite a dovish FOMC statement and a weaker-than-expected payrolls rise. Speculators trimmed their net short dollar positions.

- Date: 2017-11-06 · published 2017-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68157-us-dollar-survived-dovish-fomc-statement-lackluster-jobs-report
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced speculative shorts point to some near-term dollar support, which can weigh on dollar-priced commodities. The effect on feed markets is minor.

## Read by commodity

- DXY: bullish ▲

## Sources

- marketrealist.com: https://marketrealist.com/2017/11/us-dollar-survived-dovish-fomc-statement-lackluster-jobs-report/

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