The dollar remained weak after hitting a five-week low last session as U.S. data and news about the next Federal Reserve chair boosted expectations of a rate cut. On Wednesday, the ADP private sector jobs report was weaker than expected, while ISM services data showed price pressures eased. LSEG data showed the market was pricing in an 85% chance of a Fed rate cut in December. (Golden Ten)
Uncertainty surrounds the Federal Reserve, the dollar remains volatile at a low level under contradictory signals, and the Bank of England is about to end its "super central bank week". Can the pound stand out today?