North Korea is pushing the dollar lower
09:59 - 07/10/2017
Information / Baghdad ..
The dollar fell on a report that North Korea is preparing to test a long-range missile that has dented gains the US currency made earlier following a report showing US wages rose in September.
The dollar rose earlier to a two-month high against the yen and a seven-week high against the euro as wage data in the September labor market report are seen as a sign that inflation may improve in the United States.
The average wage rose 12 cents, or 0.5 percent, in September after rising 0.2 percent in August. The increases came as non-farm jobs in the United States fell by 33,000 jobs last month after hurricanes Harvey and Erma left workers temporarily out of work and delayed hiring.
The US currency jumped to 113.43 yen, the highest level since July 14, before falling to 112.71 yen. The euro fell to $ 1.1670, its lowest level since August 17, before rebounding to $ 1.1726.
The improved wages boosted already high expectations of a rise in US interest rates at the Federal Reserve meeting in December with further interest rate increases next year. Ending / 25