In the European foreign exchange market, the dollar weakened against the euro and the yen. Photographed in May (2025 Reuters/Dado Ruvic)
[11th (Reuters)]- In the European foreign exchange market, the dollar fell against the euro and the yen. On the 11th, the US private employment service ADP announced an estimate that private companies cut an average of 11,250 jobs per week in the four weeks ending October 25, raising concerns about the deterioration of the US labor market.
There is growing concern that once the US federal government reopens, a flood of economic data will be released that could signal a slowdown in the economy.
The dollar index fell 0.32% to 99.32. The euro rose 0.38% to $1.16.
The yen rose 0.15% to 153.89 yen to the dollar.
The crypto asset (virtual currency) Bitcoin fell 1.42% to $104,110.
The market estimates a 67% chance that the US Federal Reserve will cut interest rates in December.
Trading volume was low on this day as it was a US holiday for Veterans Day.
Table is based on LSEG data *Forex market
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