U.S. nonfarm payrolls rose by 165,000 in October, compared with economists’ expectations of 65,000, and unemployment declined to 4.1%. The data strengthened market expectations of a December Fed rate increase, while traders awaited October inflation figures.
Stronger employment can increase the likelihood of higher U.S. interest rates, supporting the dollar and potentially weighing on dollar-priced commodities. No direct feed-commodity supply or demand change is reported.
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.