Dollar Rises Against Major Counterparts Ahead Of Eventful Week

LIKE.TG | 发现全球营销软件&服务汇聚顶尖互联网营销和AI营销产品,提供一站式出海营销解决方案。唯一官网:www.like.tg
(RTTNews) - The U.S. dollar suffered a mild setback in early New York session on Friday after data showing a much smaller than expected increase in non-farm payroll employment growth and an unexpected contraction in the nation's manufacturing activity last month.
However, the currency recovered swiftly and moved higher as the day progressed as investors looked ahead to the upcoming presidential election and the Federal Reserve's monetary policy announcement next week.
Data from the Labor Department showed much weaker than expected job growth in the month of October. The data said non-farm payroll employment crept up by 12,000 jobs in October after jumping by a downwardly revised 223,000 jobs in September.
Economists had expected employment to climb by 113,000 jobs compared to the surge of 254,000 jobs originally reported for the previous month.
Meanwhile, the report said the unemployment rate came in at 4.1% in October, unchanged from September and in line with economist estimates.
A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October.
The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
With the unexpected decrease, the manufacturing PMI dropped to its lowest level since hitting 46.5 in July 2023.
The dollar index climbed to 104.32, gaining 0.33%.
Against the Euro, the dollar firmed to 1.0837 after having weakened to 1.0908 earlier in the day. Against Pound Sterling, the dollar weakened to 1.2981 before recovering to 1.2921, but still trailed the previous closing value of 1.2899.
The dollar strengthened against the Japanese currency, fetching 152.98 yen a unit, compared to 152.03 yen Thursday evening. Against the Aussie, the dollar firmed to 0.6559 from 0.6583.
The Swiss franc weakened to 0.8698 a unit of U.S. dollar from 0.8634, while the Loonie was down at 1.3955 a unit of the U.S. currency.

LIKE.TG:汇集全球营销软件&服务,助力出海企业营销增长。提供最新的“私域营销获客”“跨境电商”“全球客服”“金融支持”“web3”等一手资讯新闻。
点击【联系客服】 🎁 免费领 1G 住宅代理IP/proxy, 即刻体验 WhatsApp、LINE、Telegram、Twitter、ZALO、Instagram、signal等获客系统,社媒账号购买 & 粉丝引流自助服务或关注【LIKE.TG出海指南频道】、【LIKE.TG生态链-全球资源互联社区】连接全球出海营销资源。
本文由LIKE.TG编辑部转载自互联网并编辑,如有侵权影响,请联系官方客服,将为您妥善处理。
This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.
Server deployment全球论坛人工智能论坛全球峰会发展论坛战略论坛开放论坛程序员论坛互联网峰会科技峰会