{
  "id": 11477230,
  "title": "US payrolls miss at 29K and the Dollar Index drops below 102.00",
  "url": "https://urgent.news/2026/10/02/us-payrolls-miss-at-29k-and-the-dollar-index-drops-below-102-00",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T16:07:02.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-payrolls-miss-at-29k-and-the-dollar-index-drops-below-10200-202610021607"
  },
  "original_language": "en",
  "account": "In September, US employers added 29,000 jobs, below the forecast of 90,000, with the unemployment rate increasing to 4.2%. Hourly pay growth, meanwhile, increased by 3% over the year, exceeding expectations. The Dollar Index dropped below 102.00, influenced by revised July and August employment figures. The two-year Treasury yield, a key indicator of Fed expectations, also declined. With a lower yield, the Dollar's appeal to foreign investors diminishes, as seen in its underperformance against the Euro, which makes up 57.6% of the Index. The Dollar Index rallied before the report, peaking near 102.10, but fell back to 101.80 shortly after, failing to sustain a bounce above 102.00. The index has since recovered slightly, currently trading near 101.90. The US Dollar remains the world's most heavily traded currency, accounting for over 88% of global foreign exchange turnover. The Federal Reserve, through its monetary policy tools like interest rate adjustments, plays a crucial role in determining the Dollar's value.",
  "summary": "US employers added 29K jobs in September against a forecast of 90K, and July and August were revised down by a combined 60K. The unemployment rate rose to 4.2%, and hourly pay grew 3.0% over the year against a 3.2% forecast.",
  "key_points": [
    "US added 29,000 jobs in September, below forecast",
    "Dollar Index fell below 102.00 due to revised employment data",
    "Two-year Treasury yield declined, weakening Dollar appeal"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "U.S. Dollar Index reaches highest level since April 2025",
        "url": "https://urgent.news/2026/10/02/u-s-dollar-index-reaches-highest-level-since-april-2025",
        "published": "2026-10-02T12:11:04.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar Index stalls at 101.49 with bearish divergence: Live levels",
        "url": "https://urgent.news/2026/10/02/dollar-index-stalls-at-101-49-with-bearish-divergence-live-levels",
        "published": "2026-10-02T14:17:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}