Dollar deflates on mixed U.S jobs data

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The Dollar weakened against a basket of major currencies on Friday afternoon as investors digested September’s mixed U.S. jobs data.

The U.S. economy added 134,000 jobs in September, missing the forecast of 185,000. Although under normal circumstances the headline disappointment may have triggered concerns over the U.S. jobs market, the figures were most likely distorted by Hurricane Florence. On the bright side there was an upwards revision to the previous month, with employers adding 270,000 jobs in August compared to the initial forecast of  201,000. Today’s key takeaway was… Read More

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