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Market Impact: 0.6
Dollar Retreats and Gold Jumps on a Weak US Payroll Report
Source: Nasdaq
Currency & FXEconomic DataMonetary PolicyInterest Rates & YieldsEnergy Markets & Prices
The dollar index fell 0.32% after the September U.S. payroll report came in weaker than expected, with both nonfarm payroll growth and average hourly earnings undershooting forecasts. The data reduced market expectations for a Fed rate hike later in the month, pressuring the dollar. A 4% drop in WTI crude also added to downside pressure.
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mildly negative
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