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US payrolls increased by 165,000 in October, beating expectations, while unemployment fell to 4.1% and prior-month job gains were revised up by 84,000. The stronger data lifted short-term Treasury yields and Fed rate-hike expectations; the US dollar strengthened broadly and the New Zealand dollar reached a fresh yearly low.
A stronger dollar can weigh on dollar-denominated feed commodities for importers, while currency effects vary by buyer. The article gives no direct feed-commodity price move.
interest.co.nzStuart RitsonNov 8, 2026After 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.
