Veytics Intelligence
2026-11-08 · ORG

US Dollar Strengthens After Jobs Report Beats Major Bank Forecasts - Exchange Rates UK

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The US economy added 165,000 jobs in October and unemployment fell to 4.1%, delivering a stronger labour-market report than major banks had forecast before Friday's release. The Bureau of Labor Statistics figures also showed wages rising 0.4% on the month and upward revisions totalling 84,000 jobs across August and September. The dollar was stronger against the euro, with the Euro to Dollar exchange rate (EUR/USD) at 1.1152 at 16:50 GMT, down 0.67% on the day. That daily move covers trading before and after the release, rather than measuring the payroll announcement's impact alone.

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