Dollar Falls as Soft Job Data Roils Timing of Fed Rate-Hike Bets
The U.S. dollar declined following a report showing lower-than-expected job growth in September. Consequently, traders have reduced expectations for a Federal Reserve interest rate hike this year.
The dollar posted its worst day in a month on Friday after a report showed the US added fewer jobs than expected in September, briefly leading traders to waver on bets the Federal Reserve will raise interest rates again this year.
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