The US dollar drops after the jobs report misses

The dollar dipped after the August jobs report came in weaker than expected.

The US dollar index was down by 0.5% to 92.13 at 8:44 a.m. ET.

The greenback has been tumbling since US President Donald Trump’s inauguration, falling by about 10%.

The US economy added 156,000 jobs in August, according to the latest jobs report.

That number was below economists’ expectations of 180,000. Meanwhile, job gains in July and June were revised lower.

Wage growth was expected to pick up slightly but remained sluggish. The unemployment rate ticked up from a 16-year low to 4.4%.

Check out the full report on the August jobs report here.

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