Dollar slumps on weak U.S. jobs report

The U.S. dollar plunged against major currencies Tuesday after a report showed U.S. non-farm sector added less jobs than expected and speculations that the Federal Reserve may delay tapering bond-buying program rose again.The dollar index, which tracks the dollar against six major currencies, dropped to the lowest level of 79.2 in eight months. The dollar slipped to nearly two-year low versus the euro and broke through the level of 1.37.Skin analyzerU.S. employers added 148,000 jobs in September, the Labor Department said Tuesday, missing market estimates.nsk bearing The unemployment rate edged down to a near-five-year low of 7.2 percent from 7.3 percent in August, mainly due to a lower labor- force participation rate.Marcus Bullus, trading director with MB Capital, commented the jobless rate may have improved to its best level in nearly five years, but the rate of jobs creation has slumped.

"The full impact of the government shutdown is still unknown, and while that remains the case, don't expect the Federal Open Market Committee to start turning off America's QE taps when it meets later this month,"said Bullus.U.S. Congress struck a last-minute deal last Wednesday to reopen the U.S. federal government and raise the debt ceiling. President Barack Obama signed the bill to fund the government through Jan. 15 and raise the debt ceiling until Feb. 7.Analysts generally believed colourful double wall stainless steel vacuum flaskthat the U.S. central bank would not taper its quantitative easing policy until early next year, since the government shutdown had dampened consumer sentiment and posed a negative effect on the economy. The Fed's next two policy meetings will be held on Oct. 29-30 and Dec.17-18.

Moreover, the Commerce Department announced Tuesday that construction spending advanced 0.6 percent in August to a seasonally adjusted annual rate of 915.1 billion U.S. dollars.In late New York trading, the euro soared to 1.3783 dollars from 1.3677 dollars of the previous session, and the British pound increased to 1.6239 dollars from 1.6145 dollars. The Australian dollar went up to 0.Cast iron clawfoot tubsSlap Bracelet9707 dollar from 0.9657 dollar.The dollar bought 98.12 Japanese yen, lower than 98.19 yen of the previous session. The dollar moved down to 0.8974 Swiss franc from 0.9021 Swiss franc and dropped to 1.0287 Canadian dollars from 1.0299 Canadian dollars.