The dollar jumped after February nonfarm payrolls rose 379,000, well above the 182,000 forecast by economists polled by Reuters. January payrolls were revised to a gain of 166,000, and the dollar index reached 92.201, its highest since November 25.
The data supported Federal Reserve officials' view that the rise in bond yields reflected an improving economic outlook.
A strong labor report strengthens the case for earlier Fed rate hikes, which lifts the dollar and pressures dollar-priced feed grains and meals. Stronger U.S. income growth also supports domestic demand for meat and dairy, which underpins feed demand.
Na 53 eerdere opwaarts rapport-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,1% over 5 sessies (51% hoger; middelste helft -0,4% tot +0,5%), en +0,5% over 20.
Na 268 eerdere opwaarts rapport-gebeurtenissen bewoog Slachtvee (levend) zich mediaan +0,3% over 5 sessies (58% hoger; middelste helft -0,7% tot +1,4%), en +1,7% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Strong February payrolls (379k vs 182k expected) on March 5 pushed the dollar index to its highest since November, directly driving the 1-day move.