# US Jobs Report Competes With The Unsettled Equity Market To Drive The Greenback

> The US dollar strengthened ahead of the November jobs report, while equity-market losses and a sharp weekly decline in oil prices contributed to volatility. Fed funds futures priced in just under a 70% chance of a December rate hike, and several major currencies weakened against the dollar.

- Date: 2026-11-06 · published 2026-11-07T03:26:17.944Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/85486-us-jobs-report-competes-with-the-unsettled-equity-market-to-drive-the-greenback
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar strength can make dollar-priced feed commodities more expensive for importers using other currencies, potentially tempering demand. The article provides no direct new supply or demand signal for feed commodities.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-04-26 | [Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail](https://feedsoft.ai/events/59816-canadian-dollar-rises-as-u-s-growth-composition-weighs-on-greenback-the-globe.md) | -5.3% | -11.5% |
| WTI | 2021-08-27 | [The Commodities Feed: USD holds the market back \| snaps \| ING THINK](https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think.md) | +3.9% | +9.9% |
| WTI | 2026-07-30 | [Canadian dollar rises to six-week high as greenback slides - The Globe and Mail](https://feedsoft.ai/events/18588-canadian-dollar-rises-to-six-week-high-as-greenback-slides-the-globe-and-mail.md) | -10.1% | +2.3% |
| WTI | 2020-11-05 | [Canadian dollar climbs to two-month high as greenback slides - The Globe and Mail](https://feedsoft.ai/events/50389-canadian-dollar-climbs-to-two-month-high-as-greenback-slides-the-globe-and-mail.md) | +5.8% | +17.0% |
| WTI | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +8.7% | -4.9% |
| DXY | 2018-05-04 | [Market Report: FOMC Minutes Mark The Low — Goldmoney](https://feedsoft.ai/events/64948-market-report-fomc-minutes-mark-the-low-goldmoney.md) | +0.2% | +1.5% |
| DXY | 2024-01-31 | [Forex Today: The US labour market comes to the fore](https://feedsoft.ai/events/32035-forex-today-the-us-labour-market-comes-to-the-fore.md) | +0.3% | +0.4% |
| DXY | 2024-04-28 | [US dollar, yields look set to close the gap with commodities](https://feedsoft.ai/events/30630-us-dollar-yields-look-set-to-close-the-gap-with-commodities.md) | -0.7% | -1.1% |

## Sources

- talkmarkets.com: https://talkmarkets.com/article/us-jobs-report-competes-with-the-unsettled-equity-market-to-drive-the-greenback
- investing.com: https://www.investing.com/analysis/us-jobs-report-competes-with-the-unsettled-equity-market-to-drive-the-greenback-200691002

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