# Dollar forecast: NFP provides dollar, already supported amid tech sell-off, additional boost

> 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.

- Date: 2026-11-06 · published 2026-11-06T18:13:36.888Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/84475-dollar-forecast-nfp-provides-dollar-already-supported-amid-tech-sell-off
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-29 | [US dollar forecast: USD at the mercy of the Fed, BoE and NFP ahead \| IG SG](https://feedsoft.ai/events/32289-us-dollar-forecast-usd-at-the-mercy-of-the-fed-boe-and-nfp-ahead-ig-sg.md) | +0.2% | +0.4% |
| DXY | 2020-01-30 | [The Pound-Dollar Rate Is Up for Auction Already amid Questions Over Sustainability of Rally](https://feedsoft.ai/events/55334-the-pound-dollar-rate-is-up-for-auction-already-amid-questions-over.md) | +0.3% | +1.4% |
| DXY | 2026-09-30 | [Global bond selloff boosts dollar, pressures euro](https://feedsoft.ai/events/17693-global-bond-selloff-boosts-dollar-pressures-euro.md) | -0.1% | +0.7% |
| DXY | 2024-05-23 | [USD: Fed minutes boost the dollar \| IG International](https://feedsoft.ai/events/30147-usd-fed-minutes-boost-the-dollar-ig-international.md) | +0.3% | +2.1% |
| DXY | 2020-10-15 | [Aussie hits two-week low; risk-off mood supports US dollar \| Financial Post](https://feedsoft.ai/events/50900-aussie-hits-two-week-low-risk-off-mood-supports-us-dollar-financial-post.md) | -0.7% | -1.2% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/dollar-forecast-nfp-provides-dollar-already-supported-amid-tech-sell-off-additional-boost/

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