Dollar extends weekly gains to 17-month high against currencies and Egyptian pound

The US dollar has risen for a third consecutive week, reaching its highest level in 17 months while strengthening against the Egyptian pound in Egyptian banks.

• US September jobs growth slowed below economists' expectations, unemployment rose to 4.2%, and 10-year Treasury yields fell to 5.191%.
• The dollar rose against the Egyptian pound in 10 banks by 45 piasters to 1.01 pound during the week ending Thursday.
• The euro is heading for a fourth consecutive weekly loss against the dollar, the longest run since May 2025.
• Nomura strategist Dominique Panning said the data slightly reduces the probability of another Federal Reserve rate hike in October.
• Chicago Fed President Austan Goolsbee said all options remain open for the Federal Reserve's next meeting.