# Strong US jobs figures put dollar in the driving seat

> US employment rose by nearly three times the expected number of jobs in October, and unemployment fell to 4.1%; Canadian unemployment increased to 6.7%. The data strengthened expectations of a Federal Reserve rate hike in December and helped the US dollar gain, while currencies including the Canadian dollar and Australian dollar were pressured by falling commodity prices.

- Date: 2026-11-09 · published 2026-11-09T12:10:06.064Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/89347-strong-us-jobs-figures-put-dollar-in-the-driving-seat
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar can weigh on dollar-denominated feed commodity prices while increasing their cost in importing countries’ currencies. The article reports macroeconomic and currency shifts, not a direct change in feed supply or demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |
| DXY | 2022-09-28 | [Why is the US dollar so strong, and what does it mean?](https://feedsoft.ai/events/10320-why-is-the-us-dollar-so-strong-and-what-does-it-mean.md) | -1.8% | -1.5% |
| DXY | 2022-09-15 | [Is the US Dollar Too Strong? \| Goldman Sachs](https://feedsoft.ai/events/39759-is-the-us-dollar-too-strong-goldman-sachs.md) | +1.0% | +2.6% |
| DXY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | +0.7% | +1.5% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |

## Sources

- cherryplc.co.uk: https://www.cherryplc.co.uk/industry/pressreleases/details/25010

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.