Private sector payrolls dropped by 32,000 in November (Image Source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

A gauge for emerging-market currencies rose on Wednesday, getting a lift from renewed bets of a Federal Reserve interest-rate cut next week after the latest batch of jobs data showed a weakening labor market.

The Colombian peso, Czech koruna and Polish zloty led the advance among peers as the Bloomberg Dollar Spot Index slipped 0.4%. Meantime, the index for emerging equities edged lower for the day.

Private sector payrolls dropped by 32,000 in November, according to ADP Research data released Wednesday, defying the median estimate in a Bloomberg survey of economists that called for a 10,000 gain. The weak figures sent US yields and the greenback

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