The U.S. dollar continues to weaken as fresh Reuters data shows markets strongly expecting a Federal Reserve rate cut next week. The latest ADP report revealed that U.S. private employers cut 32,000 jobs in November, signaling a softer labor market.This weaker data, along with growing speculation that Kevin Hassett could become the next Fed chair, has increased confidence that the Fed may ease policy soon. As a result, traders are pulling back from the dollar, while other major currencies strengthen on rising rate-cut expectations.
