
The US economy added 165,000 jobs in October, well above economists’ forecast of 64,000, and the dollar rose against the real after the report. The unemployment rate was 4.1%, slightly below the expected 4.2%.
Stronger US employment may support expectations for tighter Federal Reserve policy, underpinning the dollar and increasing the cost of dollar-priced feed imports for Brazilian buyers.
After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% over 20.
After 40 past report events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.2% 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.