
The dollar rose to the mid-158 yen range as U.S. stocks stabilized and traders bought back dollars. October nonfarm payrolls increased by 165,000, unemployment fell to 4.1%, and wages beat expectations, though the market response was described as muted.
The report also noted weakness in the euro and pound against the dollar and discussed possible further rate hikes by the Bank of England and ECB.
Strong U.S. labor data can support the dollar and increase the cost of dollar-denominated feed imports for buyers whose currencies weaken against it.
Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.