Dollar Ticks Lower After Sept. Jobs Data; Yen Falls
A dollar gauge traded slightly lower after the delayed September jobs report showed higher unemployment rate than expected. The yen was lagging peers in the Group of 10.
The Bloomberg Dollar Spot Index traded slightly weaker; it touched the six-month high level before data as the market lowered wagers on the rate cut in Dec. the day before
Nonfarm payrolls increased 119,000 after declining in the prior month, according to Bureau of Labor Statistics data out Thursday. The unemployment rate ticked up to 4.4%.
USD/JPY rose 0.3% to 157.61
GBP/USD up 0.3% to 1.3104
UK consumer confidence tumbled in November, the British Retail Consortium said, as government hints about higher income tax in this month’s budget caused people to worry about the economy and their personal finances.
AUD/USD advanced 0.3% to 0.6494.
Source: Bloomberg.com