Private employers shed 32,000 jobs in November, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 42,000 increase recorded in October and came in worse than the market expectation of +5,000.

The Euro (EUR) trades flat against the Swiss Franc (CHF) on Wednesday as traders digest a fresh batch of Swiss inflation figures alongside Eurozone Purchasing Managers Index (PMI) surveys and Producer Price Index (PPI) data.

United States ADP Employment Change came in at -32K below forecasts (5K) in November

The United States (US) Institute of Supply Management (ISM) will release its Services Purchasing Managers’ Index (PMI) data for November on Wednesday at 15:00 GMT.

EUR/USD extends gains against the US Dollar and trades at fresh one-month highs near 1.1670 at the time of writing.

Australia’s economy expanded 0.4% in Q3, below the RBA’s 0.5% forecast, though Q2 growth was revised up to 0.7%, keeping the annual pace near 2%.

(This story was corrected on December 3 at 12:40 GMT as its content was written as a preview ahead of the Turkish CPI data for November. The story shouldn't have been released as the content was out after the data release, making it outdated from the moment of its publication.)

EUR/JPY trades around 181.30 on Wednesday at the time of writing, stable on the day.

AUD/USD rallied to near 0.6600 as Q3 GDP data, though weaker than expected, confirmed strong private investment and household demand, supporting the RBA’s on-hold stance.

United States MBA Mortgage Applications down to -1.4% in November 28 from previous 0.2%

With a December Fed rate cut almost fully priced, market attention is shifting to the outlook for 2026, as expectations of a more dovish Fed could weigh on the dollar in the months ahead.

Gold (XAU/USD) trades slightly softer on Wednesday as investors adopt a cautious stance ahead of the upcoming US economic data releases due later in the day. At the time of writing, XAU/USD is consolidating around the $4,200 psychological mark after easing from an intraday high near $4,228.

The Pound Sterling (GBP) trades 0.5% higher to near 1.3280 against the US Dollar (USD) during the European trading session on Wednesday.

The AUD/USD pair extends its winning streak for the ninth trading day on Wednesday.

US Dollar (USD) is down across the board, global equity markets are up, and bond markets are steady.

The US Dollar (USD) sold off in Asia as news emerged that interviews for the Fed chair position had been cancelled, ING's FX analyst Chris Turner notes.

Eurozone inflation for November came in largely as expected, with headline at 2.2% y/y and core at 2.4%, leaving the ECB’s policy stance unchanged.

European Central Bank (ECB) executive board member and Chief Economist Philip Lane said during the European trading session that monetary policy adjustments are required only if there is a large and persistent deviation in economic data.

USD/CHF stabilizes above 0.8000 on Wednesday, trading near 0.8010 at the time of writing, down 0.25% on the day.

Central banks added a net 53 tonnes of Gold to reserves in October, marking the strongest monthly increase since November 2024, with Poland and Brazil leading the charge.

Silver continues its rally, approaching the upper band of a multi-month ascending channel near $59.60/59.90, after breaking out of a brief consolidation, Société Générale's FX analysts note.

The Indian Rupee (INR) extends its losing streak against the US Dollar (USD) for the third trading day on Wednesday, sliding to a fresh all-time low around 90.50.

November PMIs point to further weakening of growth momentum. Both manufacturing PMIs in contraction territory, divergence narrows. Services and composite PMIs also came down. More targeted support expected to safeguard GDP growth in 2026, ABN AMRO's Senior Economist Arjen van Dijkhuizen reports.

Eurozone Producer Price Index (YoY) below expectations (-0.4%) in October: Actual (-0.5%)

Eurozone Producer Price Index (MoM) meets expectations (0.1%) in October

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.05 per troy ounce, down 0.89% from the $58.57 it cost on Tuesday.

United Kingdom S&P Global Services PMI came in at 51.3, above expectations (50.5) in November

United Kingdom S&P Global Composite PMI came in at 51.2, above expectations (50.5) in November

Eurozone HCOB Services PMI came in at 53.6, above expectations (53.1) in November

Eurozone HCOB Composite PMI registered at 52.8 above expectations (52.4) in November