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Dollar slips after US payrolls miss by 29K jobs in September

The unemployment rate rose to 4.2% and hourly pay increased 3.0% year over year, while the Dollar Index slid below 102.0 to around 101.8.

Reported · Written up by our desk · Major Pairs

FXStreet reports that US employers added 29K jobs in September, well below the 90K forecast, and that July and August were revised down by a combined 60K.

The outlet also notes the unemployment rate rose to 4.2%, while hourly pay grew 3.0% year over year versus a 3.2% forecast.

FXStreet adds that traders now see about a one-in-five chance of another rate hike on October 28, and the two-year Treasury yield fell as a result of the data.

Following the release, the Dollar Index dropped from around 102.00 to the 101.80 area, then later recovered to near 101.90.

Latest closeDollar index 101.48 ▲0.1%

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