Dollar Turns Lower After Weaker-than-expected Jobs Report
The dollar fell against its rivals Friday after official U.S. data showed the number of nonfarm jobs created in September was much lower than economists had forecast. The U.S. gained 142,000 new jobs in September, according to the Labor Department. The number of new hires in July and August was also revised lower. The euro strengthened to $1.1268 in recent trade, up from $1.1200 shortly before the data. The dollar dropped to 119.39 yen from 120.20 yen beforehand. The British pound rose to $1.5194 from $1.5160 beforehand. Economists polled by MarketWatch had expected 200,000 new jobs.
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