©Reuters. Euro falls after US labor market report
Frankfurt (Germany), Oct 7 (.).- The euro depreciated today to the level of 0.9750 dollars, after the publication of the US labor market report for September, which shows job creation, which will allow the Federal Reserve (Fed) continue its aggressive rises in interest rates.
The euro was trading at $0.9766 by 3pm GMT, versus $0.9832 in late European forex trading the previous day.
The European Central Bank (ECB) set the exchange rate for the euro at $0.9797.
Unemployment in the United States fell in September to 5.8 million, a figure that places the unemployment rate at 3.5%, two tenths less than in August.
Job creation slowed down in September, with 263,000 new jobs, less than in August (315,000 jobs), but more than expected.
Several members of the Fed have been in favor of continuing the aggressive increases in interest rates, such as the president of the Federal Reserve Bank of Cleveland, Loretta Mester.
The single currency was traded in a trading band between $0.9729 and $0.9816.