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The U.S. dollar is holding near its strongest levels since late July as October’s ADP report showed 42,000 jobs added versus 30,000 expected, hinting at stabilization after September’s contraction. This eases pressure for immediate Federal Reserve cuts, with market odds around a 25-basis-point reduction in December near 66 percent. At 9:45 AM, the S & P Global Composite PMI could further support keeping borrowing costs unchanged, while overnight state elections raise hopes for progress on re-opening the federal government.
