
US employers added 165,000 jobs in October, more than twice economists’ expectations, while unemployment edged down to 4.1%. San Francisco Fed President Mary Daly said the strong labor market gives policymakers room to tighten monetary policy further to address inflation.
The stronger labor data may reinforce expectations of higher US interest rates, supporting the dollar and potentially weighing on dollar-denominated commodity prices.
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.