Nonfarm Payrolls in the US rose by 263,000 in September, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed August's increase of 315,000 and came in better than the market expectation of 250,000.

Further details of the report revealed that the Unemployment Rate declined to 3.5% from 3.7% with the Labor Force Participation Rate edging lower to 62.3% from 62.4.

Finally, wage inflation, as measured by the Average Hourly Earnings, fell to 5% on a yearly basis from 5.2%.

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Market reaction

The US Dollar Index gained traction with the initial reaction to the US jobs report and was last seen rising 0.15% on the day at 112.42.