Wheat prices shed 1% as dollar rebounds from 15-month nadir

Wheat futures fell nearly one percent in American trade as the dollar index rebounded from a 15-month nadir, following earlier data from the US, the world's largest wheat exporter. 

As of 08:58 GMT, wheat futures due on September 15 fell 0.66% to $4.5475 from the opening of $4.5775, while the dollar index rose 0.82% to 93.60 from the opening of 92.86. 

Earlier US data showed the July unemployment rate fell to the lowest since March, 2001 at 4.3% in line with expectations, compared to 4.4% in June, while average hourly earnings accelerated to 0.3% from 0.2% also as expected. 

The economy created 209 thousand new jobs last month, slowing down from 231K in June, upwardly revised from 222K, while besting expectations of 182K, and finally, the US trade deficit fell more than expected to $43.6 billion.