10/22/13, "Dollar drops after U.S. nonfarm payrolls miss," nasdaq.com, investing.com
"The dollar fell to 23-month lows against the
euro on Tuesday and was lower against the other major currencies
after data showed that the U.S. economy added fewer than expected
jobs in September, adding to the view that the Federal Reserve will
delay plans to start tapering stimulus.
During European afternoon trade, the dollar fell to the lowest
level since November 2011 against the euro, with EUR/USD advancing
0.41% to 1.3735.
The Department of Labor said the U.S. economy added 148,000 jobs in
September, well below expectations for an increase of 180,000.
The previous month's (Aug.) figure was revised up to a gain of 193,000
from a previously reported increase of 169,000."...
"July dipped once again from 104K to 89K."...
(continuing): "The unemployment rate ticked down to a four-and-a-half year low of
7.2% from 7.3% in August, but this was partially due to more people
dropping out of the labor force.
The jobs report was released 18 days behind schedule due to
disruption caused by the recent U.S. government shutdown.
The dollar dropped sharply against the other main currencies late
last week as concerns over the impact of the 16-day shutdown on the
U.S. economic recovery fuelled expectations that the Fed would
delay plans for rolling back its asset purchase program until at
least the beginning of next year.
Elsewhere, the dollar fell to session lows against the yen, with
USD/JPY sliding 0.10% to 98.08.
The dollar was also lower against the pound, with GBP/USD rising
0.21% to 1.6181.
The dollar fell to 20-month lows against the Swiss franc, with
USD/CHF down 0.35% to 0.8988.
The greenback was broadly weaker against its Australian, New
Zealand and Canadian counterparts, with AUD/USD climbing 0.39% to
0.9692, NZD/USD up 0.50% to 0.8485 and USD/CAD dipping 0.03% to
In Canada, official data on Tuesday showed that retail sales rose
0.2% in August, slightly below forecasts for a 0.3% gain. Core
retail sales rose 0.4%, better than expectations for a 0.2%
The dollar index, which tracks the performance of the greenback
versus a basket of six other major currencies, was down 0.21% to
10/22/13, "September Nonfarm Payrolls Miss 148K vs Exp. 180K; Unemployment Rate Drops to 7.2%," Zero Hedge
"September jobs are a disappointment at 148K vs expectations of 180K and
private jobs only 126K well below the 180K expected, but August was
revised higher this time, from 169K to 193K even as July dipped once
again from 104K to 89K.
Net for the three months, largely a wash."...