The dollar firmed against most major currencies on Thursday, after losing some ground as signs of faster U.S. job growth in September suggest the Federal Reserve is likely to pause cutting interest rates in December.

A key Polymarket contract tracking the Federal Reserve’s December rate decision has seen its probability of a cut plunge from nearly 90% in late October to just about 30% today, as traders grapple with the fallout from the missing October jobs report and heightened macro uncertainty.

With economic data being the most consistent source of motivation for rates, the market has been eager for it to return with the reopening of the government. While some higher profile reports have been rescheduled for the coming days (i.

Gold prices dipped in Asian trading on Thursday, easing back after two consecutive sessions of gains as traders scaled down their expectations for a Federal Reserve rate cut in December. Risk appetite improved across global markets,