The U.S. dollar weakened against the euro on Friday, following a September jobs report that came in below expectations but was not seen as derailing the expectation that the Federal Reserve would rates at its December meeting. Following the report, Cleveland Federal Reserve President Loretta Mester told CNBC that the U.S. was at full employment and that gradual rate hikes were needed. Mester is a voting member of the policy-setting Federal Open Market Committee, who has been a proponent of hiking rates sooner than later. The ICE U.S. Dollar index [S: DXY], which rose as high as 0.27% after the report, paired its gains to trade up 0.08%. The euro [S: EURUSD] was at $1.1148 from $1.1139 late Thursday while the pound [S: GBPUSD] was at $1.2341 from $1.2352. Earlier on Friday, the pound rose as high as $1.2484.
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