
US October nonfarm payrolls increased by 165,000, well above forecasts of about 65,000, while unemployment fell to 4.1%. The dollar index rose about 0.7% after the data, and EUR/USD fell toward 1.1150 as markets reassessed the outlook for Federal Reserve policy.
Resilient US employment may delay monetary easing or increase the prospect of tighter policy, supporting the dollar and weighing on the euro.
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.