# Dollar index jumps after US payrolls beat forecasts

> US nonfarm payrolls rose by 165,000 in October, well above economists’ 65,000 estimate, while unemployment fell to 4.1%. The dollar index rose 0.63% as markets increased the probability of a December Federal Reserve rate hike.

- Date: 2026-11-06 · published 2026-11-06T18:13:36.725Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/84473-dollar-index-jumps-after-us-payrolls-beat-forecasts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Stronger employment data can support expectations for higher US interest rates, strengthening the dollar. A firmer dollar can weigh on dollar-denominated commodity prices for buyers using other currencies.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-11-02 | [Dollar index pares losses after US nonfarm payrolls data](https://feedsoft.ai/events/62281-dollar-index-pares-losses-after-us-nonfarm-payrolls-data.md) | -0.2% | +0.0% |
| DXY | 2026-06-01 | [Canadian Dollar falls despite solid jobs data as US NFP beat forecasts](https://feedsoft.ai/events/19480-canadian-dollar-falls-despite-solid-jobs-data-as-us-nfp-beat-forecasts.md) | +1.0% | +1.7% |
| DXY | 2024-11-14 | [Rising dollar and rain forecasts weigh on US wheat](https://feedsoft.ai/events/27444-rising-dollar-and-rain-forecasts-weigh-on-us-wheat.md) | -0.1% | -0.0% |
| DXY | 2024-09-23 | [Euro slumps, dollar index edges higher after PMI data](https://feedsoft.ai/events/28526-euro-slumps-dollar-index-edges-higher-after-pmi-data.md) | -0.2% | +2.5% |
| DXY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | +1.4% | +1.4% |
| EURUSD | 2024-09-23 | [Euro slumps, dollar index edges higher after PMI data](https://feedsoft.ai/events/28526-euro-slumps-dollar-index-edges-higher-after-pmi-data.md) | 0.0% | -3.0% |
| EURUSD | 2020-03-12 | [Euro falls after ECB holds fire, dollar jumps as spreads widen](https://feedsoft.ai/events/6271-euro-falls-after-ecb-holds-fire-dollar-jumps-as-spreads-widen.md) | -4.0% | -3.7% |
| EURUSD | 2020-08-21 | [Dollar beats euro for first week since mid-June after bullish data](https://feedsoft.ai/events/51826-dollar-beats-euro-for-first-week-since-mid-june-after-bullish-data.md) | -0.3% | -0.0% |

## Sources

- live.euronext.com: https://live.euronext.com/en/financial-news/dollar-index-jumps-after-us-payrolls-beat-forecasts
- channelnewsasia.com: https://www.channelnewsasia.com/business/dollar-index-jumps-after-us-payrolls-beat-forecasts-6529621

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