Dollar falls as US data corroborates dovish Fed outlook

04/12/2025 4 min
Dollar falls as US data corroborates dovish Fed outlook

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Episode Synopsis

Send us a textADP reveals that US private sector lost 32k jobs in November. Dollar slidesas December Fed cut chance remains elevated. Pound rallies on upwardlyrevised S&P Global Composite PMI. Stocks rise on Fed cut bets, goldremains in corrective mode.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD