The US Nonfarm Payrolls report can change DXY prices, spreads and available execution levels within seconds. On the Exness Pro account, DXY trading carries no separate commission. The spread remains variable and may widen when the employment data increases volatility or changes market liquidity.
For South African traders, the report is generally published at 14:30 SAST during US daylight-saving time and at 15:30 SAST during US standard time. Release dates should be confirmed using the official US Bureau of Labor Statistics calendar.
The data contained in the NFP report
Nonfarm Payrolls form part of the monthly US Employment Situation report. The publication combines two surveys with different purposes.
The Current Employment Statistics survey measures payroll employment, earnings and working hours. According to the Bureau of Labor Statistics, it collects data from approximately 119,000 businesses and government agencies representing around 622,000 worksites.
The Current Population Survey measures household employment and produces the unemployment rate, labour-force participation rate and other demographic employment statistics.
The figures most likely to affect DXY are the monthly payroll change, unemployment rate, average hourly earnings, average working week and revisions to the two previous payroll estimates.
The payroll estimate is preliminary. The BLS revises it twice as additional employer responses become available. A headline result above expectations can therefore lose its impact if earlier months are revised substantially lower.
The connection between NFP and DXY
DXY tracks the US dollar against six currencies. The euro has a 57.6% weight, followed by the Japanese yen at 13.6%, British pound at 11.9%, Canadian dollar at 9.1%, Swedish krona at 4.2% and Swiss franc at 3.6%.
The index normally rises when the dollar strengthens against this basket and falls when the dollar weakens.
NFP affects DXY through expectations for Federal Reserve policy. Strong employment and wage growth can reduce expectations for interest-rate cuts. Higher expected US rates can support Treasury yields and demand for the dollar.
Weak payroll growth, rising unemployment or slower wage increases can produce the opposite repricing.
The difference between the published data and the market forecast is usually more important than the headline number alone. An increase of 200,000 jobs may weaken DXY if the market expects 300,000. A smaller increase can strengthen the index if expectations were considerably lower.
DXY trading costs during NFP at Exness
Exness Pro account charges no separate commission on DXY. This commission rate does not change because NFP is being released.
The immediate transaction cost is primarily represented by the spread—the difference between the current buy and sell prices. A newly opened position must cover this difference before it can show a positive result.
The Exness Pro account recorded a DXY spread 83% below the industry average in a comparison conducted from 29 March to 4 April 2026.¹ The account produced the lowest average DXY spread among the 10 brokers included in the study.
Current contract information is available on the Exness DXY trading page.
This historical result does not fix the spread available during NFP. Exness uses variable DXY spreads. According to the broker, spreads may widen because of volatility, liquidity, economic announcements and market openings or closings.
Spread changes around the release
The spread displayed on the Exness website is an average based on the previous trading day. The live spread is visible in the trading platform.
Before NFP, liquidity providers may adjust their prices in anticipation of volatility. After the release, a large difference between the actual result and the market forecast can create an imbalance between available buy and sell orders.
The spread can widen as a result. It may begin to normalise after the first wave of orders has been processed, although price volatility can continue.
A low average spread and a wider event-time spread are not contradictory. The first describes pricing measured across a period; the second reflects conditions at a specific high-volatility moment.
The first and second market reactions
The first DXY movement is often driven by the headline payroll surprise. Algorithms can compare the published figure with the consensus estimate and submit orders immediately.
The following movement incorporates average hourly earnings, unemployment, labour-force participation and revisions.
A payroll beat combined with strong wage growth, stable unemployment and upward revisions creates a more consistent dollar-positive signal. A weak headline combined with rising unemployment, slower wages and downward revisions creates a more consistent dollar-negative signal.
Conflicting figures increase the probability of a reversal. DXY may initially rise on a strong payroll number and then fall if wage growth is weak or earlier employment estimates are revised lower.
US Treasury yields provide additional context. When DXY and yields rise together, the market may be reducing expectations for Federal Reserve rate cuts. A divergence between DXY and yields can indicate that positioning, risk sentiment or movement in another index currency is influencing the dollar.
Cost estimates before execution
The calculator on the DXY page estimates margin, spread cost, commission, swap and pip value using the selected account type and position size.
For a DXY position on an Exness Pro account, the calculator reflects the zero-commission structure. The spread calculation remains an estimate because live pricing can change before execution.
Overnight swap is separate from both spread and commission. It can apply when a position remains open beyond the relevant rollover time. The applicable amount depends on the position direction and current contract specifications.
A short NFP trade may therefore be affected mainly by spread and execution. A position held overnight may also accumulate financing costs.
Conclusion
On the Exness Pro account, the DXY commission remains at zero during Nonfarm Payrolls. The market-dependent costs do not remain fixed.
The live spread can widen, the available execution price can change and orders may experience positive or negative slippage. Overnight swap may also apply when the position remains open after rollover.
Exness Pro recorded the lowest average DXY spread in the referenced 10-broker comparison, but the live spread displayed before execution remains the relevant cost for an individual NFP trade.
¹ Exness Pro Account has lowest average spreads out of 10 brokers in the week of 29 March – 4 April 2026, comparing tightest spread-only accounts across brokers. Historical spread data does not guarantee future trading conditions.
² This article is provided for general informational purposes and does not constitute investment advice or a personal recommendation. DXY is traded as a leveraged CFD, and trading may result in the loss of capital.
³ Exness uses variable spreads. Spreads may widen during economic announcements, volatile markets, periods of reduced liquidity and market openings or closings. Calculator outputs are estimates; actual transaction costs are established at execution.
