The U.S. dollar starts November firm as signals from Washington and Beijing ease fears of rapid economic decoupling, with the Bloomberg Dollar Spot Index up one point seven percent in October. With limited official data amid government shutdown risk, markets keep Fed rate-cut odds near sixty percent, elevating the importance of Wednesday’s ADP jobs report at eight fifteen A.M. Key events ahead include Euro-zone CPI on Friday and Banxico on Thursday. In FX, the euro has slid to its lowest since mid-July despite resilient Euro-zone data, though improving momentum could spark a rebound if Fed hawkishness fades. The Mexican peso is at its weakest since early October on softer macro readings, with Banxico widely expected to cut twenty-five basis points and a non-trivial chance of fifty.
