US job openings rose to 7.52 million in September, about 370,000 above forecasts, and quits reached 3.36 million, the highest since March 2025. Markets were already pricing roughly a 77% chance of a December Fed rate hike ahead of Friday's payrolls report.
A tight labour market strengthens the case for Fed tightening, which tends to support the dollar and weigh on dollar-denominated commodity prices and emerging-market currencies.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.