Dollar Eases After Reaching 5-Month High on Upbeat Data

Group 1 - The dollar is easing after reaching a five-month high against a basket of currencies due to better-than-expected U.S. data [1] - The ADP private payrolls report and the ISM services purchasing managers' survey exceeded expectations, contributing to the dollar's previous strength [1] - There are growing doubts about another interest-rate cut in December following the recent Federal Reserve meeting, where Fed Chair Jerome Powell expressed caution regarding further policy easing [2]