U.S. dollar falls despite stunning jobs additions
newscatcher
2023-10-08 04:36
U.S. dollar falls despite stunning jobs additions
NEW YORK, Oct. 6 -- The U.S. dollar lost in late trading on Friday, despite U.S. job gains being far higher than expected and above August's total of 227,000. The dollar index, which measures the greenback against six major peers, decreased 0.28 percent to 106.0454 in late trading. The U.S. job growth heated up in September, adding 336,000 positions, according to data released Friday by the Bureau of Labor Statistics. While September marked the 33rd consecutive month of job growth for the United States, the Federal Reserve has been aiming to slow the economy and cool down the labor market.

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