Data: The US dollar remains weak, with interest rate cut expectations rising to 85%

According to Jinshi reports, the dollar remains weak after hitting a five-week low in the last trading session, due to U.S. data and news regarding the next Federal Reserve chair boosting expectations for interest rate cuts. On Wednesday, the ADP private sector employment report was weaker than expected, while the ISM services data showed a easing of price pressures. LSEG data indicates that the market is pricing in an 85% likelihood of a rate cut by the Federal Reserve in December.