The dollar index edged higher to 92.2 on Monday, but remained close to its lowest level in over a month, as traders pushed back expectations for when the Federal Reserve will begin reducing bond purchases. The US economy added only 235 thousand jobs in August, missing market expectations of 750 thousand and compared with July’s 1.05 million increase, as a surge in COVID-19 infections may have discouraged companies from hiring and workers from actively looking for a job. At the same time, growth in average hourly earnings came in stronger-than-expected, raising concerns about inflationary pressure.
