US dollar weakens after US payrolls miss expectationsReuters, NEW YORK and LONDONThe US dollar weakened further against a basket of major currencies on Friday after a much softer than expected US payrolls report, which is likely to keep the US Federal Reserve on hold in scaling back its massive stimulus measures. In Taipei, the New Taiwan dollar rose against the greenback, gaining NT$0.029 to close at NT $27.703, up 0.8 percent for the week. The US dollar has been subdued on uncertainty over the path of Fed policy. Sterling rose to a three-week high following the jobs report. The pound was up 0.03 percent against the US dollar at US$1.3838, having hit a high of US$1.3865 shortly after the jobs report was published.

Source: Taipei Times September 04, 2021 15:56 UTC