The U.S. dollar fell against other major currencies Monday, as investors were still digesting the newly-released jobs report.
U.S. total nonfarm payroll employment increased by 261,000 in October, well below market expectations, and the unemployment rate edged down to 4.1 percent, according to the U.S. Labor Department Friday.
Traders kept a close eye on nonfarm payroll report and tried to find clues on when the Federal Reserve might increase interest rate next.
The Fed announced to leave its benchmark interest rates unchanged last week, but did leave the door open for a December rate hike.
The U.S. labor market "has continued to strengthen" and economic activity "has been rising at a solid rate" despite hurricane-related disruptions, the Fed's policy-making committee said in a statement released after its two-day meeting.
"A December hike is priced in by the market," said Stephen Gallagher, the U.S. chief economist at Societe Generale, "the FOMC have maintained guidance on another (third for 2017) rate hike in December that would lift the range of the fed funds rate to 1.25-1.50 percent."
Expectations for a December rate hike are 96.7 percent, according to the CME Group's FedWatch tool.
The dollar index, which measures the greenback against six major peers, was down 0.21 percent at 94.742 in late trading.
In late New York trading, the euro increased to 1.1612 dollars from 1.1608 dollars in the previous session, and the British pound increased to 1.3165 dollars from 1.3069 U.S. dollars in the previous session. The Australian dollar rose to 0.7681 dollar from 0.7650 dollar.
The dollar bought 113.80 Japanese yen, lower than 114.17 yen of the previous session. The U.S. dollar lost to 0.9979 Swiss franc from 1.0007 Swiss franc, and it was down to 1.2728 Canadian dollars from 1.2760 Canadian dollars.
U.S. total nonfarm payroll employment increased by 261,000 in October, well below market expectations, and the unemployment rate edged down to 4.1 percent, according to the U.S. Labor Department Friday.
Traders kept a close eye on nonfarm payroll report and tried to find clues on when the Federal Reserve might increase interest rate next.
The Fed announced to leave its benchmark interest rates unchanged last week, but did leave the door open for a December rate hike.
The U.S. labor market "has continued to strengthen" and economic activity "has been rising at a solid rate" despite hurricane-related disruptions, the Fed's policy-making committee said in a statement released after its two-day meeting.
"A December hike is priced in by the market," said Stephen Gallagher, the U.S. chief economist at Societe Generale, "the FOMC have maintained guidance on another (third for 2017) rate hike in December that would lift the range of the fed funds rate to 1.25-1.50 percent."
Expectations for a December rate hike are 96.7 percent, according to the CME Group's FedWatch tool.
The dollar index, which measures the greenback against six major peers, was down 0.21 percent at 94.742 in late trading.
In late New York trading, the euro increased to 1.1612 dollars from 1.1608 dollars in the previous session, and the British pound increased to 1.3165 dollars from 1.3069 U.S. dollars in the previous session. The Australian dollar rose to 0.7681 dollar from 0.7650 dollar.
The dollar bought 113.80 Japanese yen, lower than 114.17 yen of the previous session. The U.S. dollar lost to 0.9979 Swiss franc from 1.0007 Swiss franc, and it was down to 1.2728 Canadian dollars from 1.2760 Canadian dollars.
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