Soft NFP Knocks Out October Fed Hike, Dollar Retreats—But Euro Still Lags

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September’s US employment report was almost the cleanest dovish combination markets could have received. Payrolls rose just 29K against a 90K consensus, unemployment edged up to 4.2%, wages undershot and prior months were revised lower again. Treasury yields fell, October Fed hike expectations collapsed into the low teens and the Dollar Index was knocked back below 102.The post Soft NFP Knocks Out October Fed Hike, Dollar Retreats—But Euro Still Lags appeared first on ActionForex.