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The pound fell nearly 0.60% to 1.3371 against the dollar after US October nonfarm payrolls rose by 165,000, above expectations of 65,000, and unemployment dropped to 4.1%. The data lifted the market-implied chance of a December Federal Reserve rate hike to nearly 77%.
Stronger US employment and increased rate-hike expectations support the dollar and pressure GBP/USD. The report is a meaningful signal for currency markets, though it does not directly affect feed commodity supply or demand.
fxstreet.comChristian Borjon ValenciaNov 6, 2026fxstreet.comFXStreet TeamNov 6, 2026Not enough comparable past events yet for a historical read.
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.
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.
