# Dollar Rises Ahead of Key Jobs Report

> The US dollar index rose to around 101.7 ahead of the October jobs report. Markets lowered the implied probability of a December Fed rate hike to about 68%, while investors also weighed the election-driven stock selloff and prospects for an end to the Iran conflict.

- Date: 2026-11-06 · published 2026-11-06T03:08:21.045Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/83229-dollar-rises-ahead-of-key-jobs-report
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer dollar can weigh on dollar-denominated agricultural commodities, while expectations of lower rates may limit that pressure. Lower oil prices could also ease fuel and freight costs for feed buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-24 | [Dollar rises ahead of Jackson Hole gathering](https://feedsoft.ai/events/34784-dollar-rises-ahead-of-jackson-hole-gathering.md) | -0.2% | +1.3% |
| DXY | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | +0.7% | -0.6% |
| DXY | 2026-08-31 | [Dollar slips ahead of US jobs data - Markets - Business Recorder](https://feedsoft.ai/events/18078-dollar-slips-ahead-of-us-jobs-data-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2023-08-29 | [Dollar edges up ahead of data \| Convera](https://feedsoft.ai/events/34819-dollar-edges-up-ahead-of-data-convera.md) | +0.9% | +1.8% |
| 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% |
| WTI | 2026-07-28 | [Canadian dollar rebounds from two-week low ahead of Fed decision \| Reuters](https://feedsoft.ai/events/18590-canadian-dollar-rebounds-from-two-week-low-ahead-of-fed-decision-reuters.md) | +2.0% | +5.9% |
| WTI | 2023-01-30 | [Risk aversion weighs on Canadian dollar ahead of Fed rate decision - The Globe and Mail](https://feedsoft.ai/events/38035-risk-aversion-weighs-on-canadian-dollar-ahead-of-fed-rate-decision-the-globe.md) | -7.9% | -5.2% |
| WTI | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | +4.4% | -0.4% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/united-states/currency/news/598872

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