Dollar Dented by Private Payrolls Report in Reprieve for Yen, Euro

Dollar Dented by Private Payrolls Report in Reprieve for Yen, Euro
U.S. dollar and euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Reuters
Reuters
Updated:
0:00

TOKYO—The yen and euro received some much needed relief on Thursday as the dollar and U.S. Treasury yields both stalled after U.S. private payrolls growth slowed sharply, leading investors to reduce bets the Federal Reserve will hike rates again this year.

After touching an 11-month high earlier this week, the dollar index, which tracks the greenback against six peers including the euro and yen, flattened at 106.75 after Wednesday’s data showed U.S. private payrolls increased far less than expected in September.