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Oil resumes fall after nonfarm payrolls

FXStreet (Córdoba) - Oil prices extended the fall to fresh weekly lows as weaker-than-expected US employment data raised concerns over the global economy outlook and dampened expectations the Fed could start hiking rates this year.

The US economy created just 142,000 new jobs in September, far below the 203,000 expected while August and July gains were downwardly revised by a combined 59,000. The unemployment rate stood at 5.1% as expected.

Crude oil for November delivery fell 1.07% to $44.24 a barrel, having hit a 1-week low of $44.17 so far. Meanwhile, Brent oil futures fell 1.1% to $47.17 a barrel.

US Dollar nose-dives to 95.20 on Payrolls

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EUR/GBP surges after NFP amid risk aversion

The euro was among the currencies that rose the most after the US employment numbers for September that came considerably below expectations. EUR/GBP jumped from 0.7360 back above 0.7400.
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