The U.S. dollar traded mixed on Monday, as investors were still digesting the newly-released jobs report.
U.S. total nonfarm payroll employment declined by 33,000 in September, largely due to hurricanes Harvey and Irma that hit the country, the Labor Department said Friday in a report. Economists polled by Reuters had estimated an increase of 90,000 jobs.
The unemployment rate, however, declined to 4.2 percent in September, hitting a 16-year low, said the report.
In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to 26.55 U.S. dollars, beating market consensus. Over the past 12 months, average hourly earnings have increased by 74 cents, or 2.9 percent.
"The primary take away from this morning's employment report is don't take away too much from this morning's employment report until you put it in a larger context. Harvey and Irma's fingerprints are all over it, after all," said Chris Low, chief economist at FTN Financial, in a note Friday.
Meanwhile, there has been rising optimism over President Donald Trump's proposed tax overhaul.
Last week, the U.S. House of Representatives passed a budget resolution for fiscal year 2018, paving the way for tax reform legislation.
The dollar index, which measures the greenback against six major peers, was down 0.14 percent at 93.670 in late trading.
In late New York trading, the euro increased to 1.1749 dollars from 1.1733 dollars in the previous session, and the British pound increased to 1.3153 dollars from 1.3066 U.S. dollars in the previous session. The Australian dollar decreased to 0.7760 dollar from 0.7785 dollar.
The dollar bought 110.66 Japanese yen, lower than 110.73 yen of the previous session. The U.S. dollar rose to 0.9799 Swiss franc from 0.9785 Swiss franc, and it was up to 1.2539 Canadian dollars from 1.2532 Canadian dollars.
U.S. total nonfarm payroll employment declined by 33,000 in September, largely due to hurricanes Harvey and Irma that hit the country, the Labor Department said Friday in a report. Economists polled by Reuters had estimated an increase of 90,000 jobs.
The unemployment rate, however, declined to 4.2 percent in September, hitting a 16-year low, said the report.
In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to 26.55 U.S. dollars, beating market consensus. Over the past 12 months, average hourly earnings have increased by 74 cents, or 2.9 percent.
"The primary take away from this morning's employment report is don't take away too much from this morning's employment report until you put it in a larger context. Harvey and Irma's fingerprints are all over it, after all," said Chris Low, chief economist at FTN Financial, in a note Friday.
Meanwhile, there has been rising optimism over President Donald Trump's proposed tax overhaul.
Last week, the U.S. House of Representatives passed a budget resolution for fiscal year 2018, paving the way for tax reform legislation.
The dollar index, which measures the greenback against six major peers, was down 0.14 percent at 93.670 in late trading.
In late New York trading, the euro increased to 1.1749 dollars from 1.1733 dollars in the previous session, and the British pound increased to 1.3153 dollars from 1.3066 U.S. dollars in the previous session. The Australian dollar decreased to 0.7760 dollar from 0.7785 dollar.
The dollar bought 110.66 Japanese yen, lower than 110.73 yen of the previous session. The U.S. dollar rose to 0.9799 Swiss franc from 0.9785 Swiss franc, and it was up to 1.2539 Canadian dollars from 1.2532 Canadian dollars.
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