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US November Jobs Data Beats Expectations: Unemployment at 4.6% as USD DXY Drops, EUR/USD and GBP/USD Rally, Gold Rises

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The latest US jobs data for November showed the non-farm payrolls rising by 64,000, while the unemployment rate edged up to 4.6%, the highest since September 2021. Markets absorbed the data as risk-on sentiment emerged, with stock index futures turning higher and broad asset moves taking shape.

Following the report, stock index futures advanced and the foreign-exchange complex showed decisive moves: EUR/USD climbed to 1.1791, GBP/USD to 1.3452, while USD/JPY slid to 154.39 and the U.S. Dollar Index (DXY) slipped below 98. Spot gold advanced about $5, touching $4,306 per ounce.

In this macro backdrop, traders will monitor the next payroll release for insights into inflation dynamics and monetary policy expectations, potentially shaping crypto market sentiment and liquidity. The session highlights a mixed demand environment where risk assets react to macro releases, with moves evident across major FX pairs and precious metals.

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