TechFlow, Dec 4 — The dollar remained weak after hitting a five-week low in the previous trading session, as U.S. data and news regarding the next Federal Reserve chair boosted rate cut expectations ahead of the central bank's upcoming interest rate decision. On Wednesday, the ADP private sector employment report came in weaker than expected, while the ISM services data showed easing price pressures. These figures followed Trump's suggestion that he would nominate Hassett as the next Fed chair. According to LSEG data, markets are pricing in an 85% probability of a Fed rate cut in December. (Jinshi)
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