EUR/USD at 1.3770 as U.S. Jobs Data locks in Fed Stimulus Hopes

The dollar set a fresh two-year low against the euro on Wednesday after disappointing U.S. jobs data cemented expectations that the Federal Reserve will not begin to taper its stimulus until early next year.

The dollar also touched a fresh eight-month trough against a basket of currencies, with the dollar index slipping to 79.141 and nearing this year’s low of 78.918 set in early February.

The greenback came under pressure after data showed U.S. employers added far fewer workers than expected in September, suggesting the economy may have lost some momentum even before a damaging 16-day partial shutdown of the federal government this month.


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