
The October US nonfarm payrolls report showed a 165,000 increase in jobs, above expectations of 65,000. The dollar had already found support amid a technology-stock sell-off, and the report added to that support as markets assessed the outlook for risk assets and Federal Reserve policy.
A stronger jobs report can reinforce expectations of tighter US monetary policy and support the dollar. Dollar strength may weigh on dollar-denominated commodity prices for buyers using other 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.