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U.S. payrolls rose by 165,000 in October, well above forecasts, while the unemployment rate edged down and wage growth exceeded expectations. Markets raised the implied probability of a December Federal Reserve rate hike, and the dollar index gained about 0.7% on Friday before holding near 102.2 on Monday.
Stronger employment and wages increase expectations of higher U.S. rates, supporting the dollar. A stronger dollar can make dollar-priced feed commodities more expensive for buyers using other currencies, though the article reports no direct commodity-price move.
openbookfx.comNov 9, 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.
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.
