The euro fell nearly 0.7% against the US dollar after the October US payrolls report showed 165,000 jobs added, above expectations of 65,000. The stronger-than-expected data revived expectations of a relatively more aggressive Federal Reserve and added pressure to EUR/USD.
A stronger dollar can raise the cost of dollar-priced feed inputs for buyers using other currencies, while the direct commodity impact is indirect.
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.
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.