US dollar mixed against other major currencies



New York: The US dollar traded mixed as investors were still digesting the newly-released jobs report.

In late New York trading on Monday, the euro increased to $1.1749 from $1.1733 in the previous session, and the British pound increased to $1.3153 from $1.3066 in the previous session, Xinhua news agency reported.

The Australian dollar decreased to $0.7760 from $0.7785.

The dollar bought 110.66 Japanese yen, lower than 110.73 yen of the previous session.

The US 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.

The dollar index, which measures the greenback against six major peers, was down 0.14 per cent at 93.670 in late trading.

US 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 on Friday in a report.

The unemployment rate, however, declined to 4.2 per cent in September, hitting a 16-year low, said the report.

Meanwhile, there has been rising optimism over President Donald Trump’s proposed tax overhaul.

Last week, the US House of Representatives passed a budget resolution for fiscal year 2018, paving the way for tax reform legislation.



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