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The dollar fell on Friday as data showed mixed economic prospects and optimism that the US and China will reach an agreement to end the trade war reduced demand for safe havens for the dollar.
The dollar initially rose as US employment growth slowed less than expected in October, compared with stronger wage growth and hiring activity in the previous two months.
"The data is far better than expected. Given the expected impact of the GM strike and the disappearance of jobs for the census, the market is ready for some reports that are much weaker than the actual data, of course, the overall data. So, in this context, today's data is very good, "said Shaun Osborne, chief foreign exchange strategist at Scotiabank.
Strikers who did not receive wages during the employment data survey period were considered unemployed. The strike of about 46000 workers at GM's plants in Michigan and Kentucky ended Friday.
Staff temporarily recruited for the census also left during the month.
But the dollar failed to hold up. The dollar fell further after the Institute for supply management (ISM) reported a third consecutive month of contraction in US manufacturing in October.


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