# Bad news for the peso? US jobs data could push up Fed interest rates

> Analysts expect the US October jobs report to show 65,000 new jobs and unemployment steady at 4.2%. A strong reading could lead the Federal Reserve to keep open the possibility of further rate hikes.

- Date: 2026-11-02 · published 2026-11-03T00:09:18.981Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/76416-bad-news-for-the-peso-us-jobs-data-could-push-up-fed-interest-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Stronger US labor data would lift the dollar and pressure the peso, raising the cost of dollar-priced grain and meal imports for Mexican buyers.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-20 | [Federal Reserve members unanimously reject negative interest rates: minutes - The Business Times](https://feedsoft.ai/events/55965-federal-reserve-members-unanimously-reject-negative-interest-rates-minutes-the.md) | +0.4% | -0.8% |
| DXY | 2020-04-06 | [The Fed - Foreign Exchange Rates - H.10 -  April 06, 2020](https://feedsoft.ai/events/53816-the-fed-foreign-exchange-rates-h-10-april-06-2020.md) | -1.8% | -1.0% |
| DXY | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | -0.2% | -0.4% |
| DXY | 2025-08-29 | [GBP/USD consolidates above 1.3450 with muted reaction to US inflation data](https://feedsoft.ai/events/23591-gbp-usd-consolidates-above-1-3450-with-muted-reaction-to-us-inflation-data.md) | -0.1% | +0.1% |
| DXY | 2020-12-17 | [Corn futures poised to go higher, but not for the reason you think](https://feedsoft.ai/events/10132-corn-futures-poised-to-go-higher-but-not-for-the-reason-you-think.md) | +0.2% | -0.2% |

## Sources

- elfinanciero.com.mx: https://www.elfinanciero.com.mx/economia/2026/11/01/malas-noticias-para-el-peso-dato-de-empleo-en-eu-podria-subir-tasas-de-interes-de-la-fed/

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