U.S. Dollar Stalls as Payrolls Slowdown Reduces Rate Hike Bets
- U.S. dollar stalled after private payrolls growth slowed sharply in September.
- Investors reduced bets on another Fed rate hike this year following the data.
- Yen and euro received relief, with yen rebounding after breaching 150 per dollar.
- Longer-dated U.S. Treasury yields eased from 16-year highs.
- Euro rose from its lowest level this year, but has dropped over 14% against dollar in 3 months.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/YMSN2QHIRBO7BEW2W4V5X3MG7Y.jpg)