Dollar dives briefly as U.S. job growth slows more than expected
The dollar retraced early gains and weakened against the euro on Friday, Nov. 1, after data showed that U.S. job growth slowed sharply in October due to hurricanes and a strike by Boeing workers. Data released on Friday showed that non-farm payrolls rose by 12,000 in October. Economists polled by Reuters had previously expected U.S. employment to rise by 113,000 people. The euro touched a more than two-week high against the U.S. dollar and was last up about 0.12%, while the dollar index DXY fell about 0.14% to near 103.72.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Glassnode: Ethereum spot ETF shows signs of recovery, with moderate inflows suggesting redemption pressure has eased
Bitcoin rewards app Lolli now supports withdrawals on the Lightning Network
Nasdaq-listed Lion Group spends $8 million to purchase 88.49 bitcoins