
The dollar held its gains after US employment growth in October exceeded forecasts and unemployment fell to 4.1%, strengthening expectations of a Federal Reserve rate increase in December. The euro remained near its lowest level against the dollar since May 2025, while markets awaited US inflation data.
Stronger US data and higher rate expectations support the dollar, making dollar-priced feed imports more expensive for buyers using other currencies. The article describes a firmer dollar and weaker euro, implying downside pressure on EUR/USD.
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.
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.
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.