Home Breaking News: USD falls but recovers quickly as the NFP badly disappoints with 134K
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Breaking News: USD falls but recovers quickly as the NFP badly disappoints with 134K

The US gained only 134,000 jobs in September, far worse than expected. It may be the result of the Florence storm.

The US Dollar initially fell across the board but managed to stabilize quickly.

LIVE: NFP Coverage – all the details and the reactions

— Developing story

The Non-Farm Payrolls report was expected to show an increase of 185,000 positions in September after 201,000 in August (before revisions). Real expectations were higher after the ADP NFP and the ISM Non-Manufacturing PMI came out above expectations. Wages were forecast to advance by 0.3% MoM and 3% YoY.

The US Dollar was stable ahead of the publication.

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