# U.S. Jobs Report Blows Past Forecasts, Dollar Surges to Upper 158 Yen Range; December Rate-Hike Odds Climb to 80%

> October U.S. nonfarm payrolls rose by 165,000, well above expectations, while unemployment fell to 4.1%. The stronger report lifted market expectations of a December Federal Reserve rate hike to nearly 80%, sending the dollar higher and the yen to the upper 158 range per dollar; the euro and pound also weakened against the dollar.

- Date: 2026-11-06 · published 2026-11-07T00:12:10.928Z
- Category: report · region United States · magnitude low
- Page: https://feedsoft.ai/events/85061-u-s-jobs-report-blows-past-forecasts-dollar-surges-to-upper-158-yen-range
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The prospect of higher U.S. rates supports the dollar, which can raise the cost of dollar-priced feed imports for buyers using other currencies.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | +2.0% | +1.2% |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2022-02-04 | [Dollar rises from two-week low after U.S. jobs surprise](https://feedsoft.ai/events/9876-dollar-rises-from-two-week-low-after-u-s-jobs-surprise.md) | -0.3% | +1.5% |
| DXY | 2024-02-02 | [South African rand drops as dollar jumps on US jobs report](https://feedsoft.ai/events/31946-south-african-rand-drops-as-dollar-jumps-on-us-jobs-report.md) | +0.6% | +0.6% |
| DXY | 2022-07-29 | [U.S. dollar soared Friday while Yen plunged in the red](https://feedsoft.ai/events/40737-u-s-dollar-soared-friday-while-yen-plunged-in-the-red.md) | -0.2% | +0.8% |
| EURUSD | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | -2.1% | -0.8% |
| EURUSD | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | +0.1% | +0.7% |
| EURUSD | 2019-01-31 | [Euro-to-Dollar Rate: Economic Data Suggests There Could Be More Bad News to Come](https://feedsoft.ai/events/61306-euro-to-dollar-rate-economic-data-suggests-there-could-be-more-bad-news-to-come.md) | -0.3% | -0.4% |

## Sources

- finance.biggo.com: https://finance.biggo.com/news/e9c14335-5ac6-467c-8e08-be2c00ac44a0

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