Weekly Forex Market Update: Why Did the Dollar Hold Up After Weak U.S. Jobs Data?
U.S. job growth slowed in September, and the dollar dipped after the report. Yet it stayed firm against the euro. High U.S. borrowing costs, oil prices, and European debt worries explain why. Key Takeaways The U.S. added 29,000 jobs in September. The unemployment rate was 4.2%. U.S. inflation was 3.4% in August. A first estimate […]
