Dollar Falls as ADP Report Shows US Job Losses

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Tuesday's report showing a decline in the US Oct NFIB small business optimism index to a 6-month low was bearish for the dollar.The dollar is also under pressure amid signs that a resolution to the US government shutdown is nearing.  After the Senate voted 60-40 on Monday to pass a temporary continuing resolution (CR) to fund the government, the House is expected to vote on the measure on Wednesday, and House Speaker Johnson said he expects it will pass quickly.  If approved, the bill goes to President Trump, who said he will sign it into law.  The reopening of the government would allow the release of economic reports, which may show a weakening US economy, prompting the Fed to keep cutting interest rates.Dollar Ends Slightly Lower as Stocks Rally on Government Reopening PlansSilver Prices Are Back Above $50. Why That Matters, and What It Means for Gold Too.Dollar Slides on Signs of US Labor Market WeaknessStop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!The US Oct NFIB small business optimism index fell -0.6 to a 6-month low of 98.2, weaker than expectations of 98.3.ADP reported Tuesday that for the four weeks ending October 25, 2025, US private employers shed an average of 11,250 jobs per week, suggesting a net loss of jobs and a weakening labor market.The markets are discounting a 67% chance that the FOMC will cut the fed funds target range by 25 bp at the next FOMC meeting on December 9-10.EUR/USD (^EURUSD) climbed to a 1.5-week high on Tuesday and finished up by +0.26%.  The euro was supported on Tuesday by a weaker dollar.  Also, comments on Tuesday from ECB Executive Board member Elderson and ECB Governing Council member Kocher were supportive of the euro, as they said the current interest rate level is appropriate.  On the negative side for the euro was the unexpected decline in the German Nov ZEW survey expectations of economic growth.  Central bank divergence is supportive of the euro, with the ECB seen as largely finished with its rate-cut cycle, while the Fed is expected to cut rates several more times by the end of 2026.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,884.00 +8.25 (+0.12%)Dow Futures48,463.00 +95.00 (+0.20%)Nasdaq Futures25,674.25 +50.50 (+0.20%)Russell 2000 Futures2,461.40 +1.50 (+0.06%)VIX17.62 +0.11 (+0.63%)Gold4,240.80 +27.20 (+0.65%)PortfolioSign in to access your portfolioSign inTop gainersMH McGraw Hill, Inc. 14.09 +2.72 (+23.92%)CNTA Centessa Pharmaceuticals plc 26.70 +4.16 (+18.46%)BBAI BigBear.ai Holdings, Inc. 7.17 +1.11 (+18.32%)ONON On Holding AG 41.51 +6.33 (+17.99%)ORLA Orla Mining Ltd. 12.04 +1.46 (+13.80%)Top losersDGNX Diginex Limited 14.00 -2.35 (-14.37%)CRCL Circle Internet Group 86.30 -12.00 (-12.21%)RGTI Rigetti Computing, Inc. 28.30 -3.10 (-9.87%)MENS Jyong Biotech Ltd. 36.70 -3.96 (-9.74%)DQ Daqo New Energy Corp. 32.15 -3.46 (-9.72%)Most activeOPEN Opendoor Technologies Inc. 9.37 +0.89 (+10.50%)BBAI BigBear.ai Holdings, Inc. 7.17 +1.11 (+18.32%)PLUG Plug Power Inc. 2.7300 +0.2000 (+7.91%)NVDA NVIDIA Corporation 193.80 +0.64 (+0.33%)AMD Advanced Micro Devices, Inc. 258.89 +21.37 (+9.00%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 103,686.81 -153.31 (-0.15%)CSCO Cisco Systems, Inc. 73.96 +2.25 (+3.14%)ETH-USD Ethereum USD 3,541.40 +82.48 (+2.38%)BABA Alibaba Group Holding Limited 157.91 -2.89 (-1.80%)CRCL Circle Internet Group 86.30 -12.00 (-12.21%)Top economic events