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EURUSD Soars as ADP Jobs Miss Sparks Fed Rate Cut Bets

Weak ADP jobs data and a U.S. government shutdown boosted Fed cut bets, denting the dollar. EURUSD rose to 1.1734, gold hit record highs, stocks rallied, and oil edged up on potential tighter Russian…

EUR/USD Rallies as Weak ADP Spurs Fed Rate Cut Bets

A weak ADP jobs report and U.S. government shutdown raised odds of Fed rate cuts, weakening the dollar. Euro and pound ticked up, tech stocks rallied, gold hit record highs and Treasuries rallied.