XE Market Analysis: North America – Oct 09, 2017

The narrow trade-weighted USD index logged a new low, at 93.50, with the greenback coming under steady pressure today. The index logged a 10-week high at 94.10 just after the U.S. jobs release on Friday, as the unexpectedly negative employment print was offset by strenght in component parts of the report, which maintained expectations for the Fed to hike in December — a drop in jobless rate to a new cycle low of 4.2% and a spike in hourly earnings. Position squaring, including profit taking, has been weighing on the dollar since.