The US Dollar jumped to a seven-week high on Friday after data showed employers added more jobs than expected in September, prompting traders to cut expectations that the Federal Reserve will cut interest rates by another 50 basis points at its November meeting.
The NFP data rose by 254,000 jobs last month after an upwardly revised 159,000 increase in August. Economists polled by Reuters had forecast employment data to rise by 140,000 positions after an increase of 142,000 previously reported in August.
The unemployment rate also unexpectedly dropped to 4.1% from 4.2% in August.
The US dollar index traded at 102.54, its highest level since August 16, and the euro slipped to $1.0965, its lowest since August 15.
The US dollar rose to 148.495 against the yen, the highest level since August 16.
U.S. stock market index futures. continued to rise on Friday after a key NFP report showed an increase in employment and a lower-than-expected drop in the unemployment rate, calming concerns about a sharp cooling in the job market.
Dow E-minis rose 102 points, or 0.24%, S&P 500 E-minis rose 24.5 points, or 0.43% and Nasdaq 100 E-minis rose 107 points, or 0.54%.
