EUR/USD: Non-Farm Employment Change

The Euro fell slightly against the US Dollar, as the job market reports showed mixed readings on Friday. The EUR/USD currency pair edged lower to the 1.1681 mark, losing 19 base points or 0.16%, though the strong bullish sentiment managed to keep the exchange rate near the 1.1730 level.  

The Labour Department showed that the US job market faced unexpected decrease in jobs, as the economy lost 33K positions in September, reflecting the impact of Hurricanes Harvey and Irma. However, the unemployment rate declined to a new low of 4.2% in the same period. Following the report, market expectations for the Federal Reserve to raise rates in December were still high.