fromLondon Business News | Londonlovesbusiness.com
1 day agoDollar stable ahead of new economic data
The US dollar was relatively flat today, stabilizing after a second week of declines. Weaker US labour data reinforced expectations of a Fed cut next week.
Yesterday's ADP report showed a surprise 32,000 drop in private-sector jobs, signalling that the job market is losing steam and fuelling concerns about the economy.
Markets are still pricing close to an 87% probability of a 25 bps rate cut at the December FOMC meeting, in addition to more cuts during 2026.