Euro erases weekly gains as strong US jobs data lifts dollar: Nov 8, 2026
US October payrolls rose by 165,000 with unemployment at 4.1%, fueling a dollar rally described as its biggest daily gain in nearly five months. The euro erased its weekly gains as the strong jobs data also set up expectations for a Federal Reserve rate rise in December, with rotation into dollar cash capping gains against the dollar.
Updated
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Headlines (10)
Carried over from earlier days
- US Dollar Could Turn Political Turmoil Into Its Next Rally. Forecast as of 06.11.2026LiteFinance
- Euro extends losses in risk-off markets despite bright German Industrial ProductionFXStreet
- Euro: Rotation into Dollar cash caps gains against US Dollar – INGFXStreet
- Payroll employment rises by 165,000 in October; unemployment rate changes little at 4.1%bls.gov
- US Non Farm Payrolls Surge 165K, Revisions Add 84K as Unemployment Falls to 4.1%ActionForex
- Euro erases weekly gains upbeat US jobs data fuel Dollar rallyFXStreet
- USD moves higher after the US jobs report. What levels are in play now?InvestingLive
- Blowout October payrolls data sets up Federal Reserve December rate riseFinancial Times
- Sunset Market CommentaryActionForex
- US October Payrolls Rise by 165,000, Dollar Posts Biggest Daily Gain in Nearly Five Monthsgelonghui.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, November 9 | ||
| German Trade Balance | 19.2B | EUR |
| French Trade Balance | EUR | |
| Sentix Investor Confidence | 2.1 | EUR |
| FOMC Member Bowman Speaks | USD | |
| Final Wholesale Inventories m/m | 0.6% | USD |
| FOMC Member Goolsbee Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Cleveland Fed Inflation Expectations | USD | |