# Dollar bounces back after strong U.S. private sector jobs report | Reuters

> The dollar rallied on June 1 after a report showed US private sector job creation in May beat expectations. The data strengthened expectations of a Fed interest rate hike that month.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70726-dollar-bounces-back-after-strong-u-s-private-sector-jobs-report-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar from firmer US labour data makes US commodities pricier for foreign buyers and can pressure grain export prices. The effect is modest and indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-25 | [Dollar advances after data as eyes turn to jobs report \| Reuters](https://feedsoft.ai/events/28049-dollar-advances-after-data-as-eyes-turn-to-jobs-report-reuters.md) | +0.2% | +2.4% |
| DXY | 2024-06-07 | [US dollar bounces as strong jobs report likely delays Fed easing this year](https://feedsoft.ai/events/8474-us-dollar-bounces-as-strong-jobs-report-likely-delays-fed-easing-this-year.md) | +1.4% | +0.8% |
| DXY | 2023-04-07 | [Dollar firms as US jobs report backs Fed hike in May \| Reuters](https://feedsoft.ai/events/36583-dollar-firms-as-us-jobs-report-backs-fed-hike-in-may-reuters.md) | -0.8% | -0.2% |
| DXY | 2023-05-18 | [Oil prices settle down 1%; strong US data boosts dollar \| Reuters](https://feedsoft.ai/events/36137-oil-prices-settle-down-1-strong-us-data-boosts-dollar-reuters.md) | +0.7% | -0.9% |
| DXY | 2022-08-05 | [U.S. dollar posts broad gains after unexpectedly strong jobs data](https://feedsoft.ai/events/40219-u-s-dollar-posts-broad-gains-after-unexpectedly-strong-jobs-data.md) | -0.9% | +2.1% |

## Sources

- reuters.com: https://www.reuters.com/article/business/dollar-bounces-back-after-strong-us-private-sector-jobs-report-idUSKBN18S3I0/

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