The dollar index dropped 0.6% to 105.437. Against the yen, the dollar slid 0.7% to 149.44 yen.
Data showed nonfarm payrolls increased by 150,000 jobs last month. The numbers for September were revised lower to show 297,000 jobs created instead of 336,000 as previously reported.
“The strongest argument for the Fed to abandon its tightening bias is that wage growth continues to slow,” wrote Andrew Hunter, deputy chief U.S. economist, at Capital Economics, in an note after the jobs report.
“Overall, we suspect the softening in labour market conditions has much further to run and still expect the Fed to be cutting interest rates again in the first half of next year.”
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Currency bid prices at 8:53AM (1253 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 105.2900 106.2000 -0.84% 1.739% +106.2200 +105.2300
Euro/Dollar $1.0710 $1.0623 +0.82% -0.05% +$1.0720 +$1.0616
Dollar/Yen 149.4050 150.4700 -0.70% +13.96% +150.5150 +149.2950
Euro/Yen 160.00 159.79 +0.13% +14.04% +160.1100 +159.6100
Dollar/Swiss 0.8995 0.9060 -0.70% -2.70% +0.9074 +0.8990
Sterling/Dollar $1.2309 $1.2202 +0.88% +1.78% +$1.2317 +$1.2185
Dollar/Canadian 1.3699 1.3738 -0.28% +1.11% +1.3760 +1.3693
Aussie/Dollar $0.6495 $0.6434 +0.97% -4.69% +$0.6504 +$0.6420
Euro/Swiss 0.9632 0.9623 +0.09% -2.66% +0.9645 +0.9616
Euro/Sterling 0.8698 0.8703 -0.06% -1.65% +0.8721 +0.8701
NZ $0.5974 $0.5894 +1.35% -5.92% +$0.5983 +$0.5885
Dollar/Dollar
Dollar/Norway 11.0590 11.1590 -0.93% +12.65% +11.1790 +11.0550
Euro/Norway 11.8424 11.8470 -0.04% +12.85% +11.9021 +11.8350
Dollar/Sweden 10.9502 11.1063 -0.58% +5.21% +11.1230 +10.9488
Euro/Sweden 11.7300 11.7983 -0.58% +5.21% +11.8115 +11.7291
Source: Economy - investing.com
