NEW YORK, Nov 1 (Reuters) - The dollar erased early gains to trade lower against the euro on Friday after data showed U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers.
Nonfarm payrolls increased by 12,000 jobs last month after surging by a downwardly revised 223,000 in September, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast payrolls rising 113,000.
The euro, hit a more than two-week high against the dollar and was last trading up 0.12% at $1.0897. The dollar index
, which tracks the greenback against six major currencies, was down 0.14% at 103.72.
(Reporting by Saqib Iqbal Ahmed; editing by Philippa Fletcher)
((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1 646 223 6054; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.