Dollar Slips on Signs of US Labor Market Weakness

The dollar index (DXY00) today fell from a 5.5-month high and is down by -0.04%.  The dollar whipsawed lower today after US Sep nonfarm payrolls rose more than expected but the Sep unemployment rate unexpectedly ticked up to a nearly 4-year high, bolstering expectations that the Fed may still cut interest rates at next month’s FOMC meeting.  Other US economic news today was mixed for the dollar as weekly jobless claims fell more than expected, the Nov Philadelphia Fed business outlook survey rose less than ...