The US dollar fell to its lowest level since September after data showed the world's largest economy created fewer jobs than expected last month, reinforcing expectations that the Federal Reserve is likely to take a break from raising interest rates again at its December meeting.
The US dollar index slipped 0.8% to 105,132. Against the yen, the US dollar declined by 0.7% to 149.44 yen.
Data showed non-farm job creation rose by 150,000 jobs last month. The figure for September was revised down to show the creation of 297,000 jobs compared to 336,000 as previously reported.
"The strongest argument for the Fed to abandon its tightening approach is that wage growth continues to slow," wrote Andrew Hunter, US economist at Capital Economics, in a note after the jobs report.
"Overall, we suspect the weakness of labor market conditions still has a lot more to go and still expect the Fed to cut interest rates further in the first half of next year."
