The dollar index fell to a 1.5-week low after a report showed US private employers shed more jobs than created. The US Oct NFIB small business optimism index also dropped to a 6-month low, weighing on the dollar. Expectations of a resolution to the US government shutdown are pushing the dollar down further.

EUR/USD climbed to a 1.5-week high as the dollar weakened. The euro was supported by comments from ECB officials, but the unexpected decline in the German Nov ZEW survey was negative. Central bank divergence is also favoring the euro over the dollar.

USD/JPY fell as the yen recovered from an 8.75-month low against the dollar. The increase in the Japan Oct Eco Watchers Outlook Survey to a 2.25-year high supported the yen. The yen has been weak due to political uncertainty and a delayed BOJ rate hike.

Precious metals settled mixed, with gold falling from a 2-week high and silver posting a 3-week high. The fall in the dollar index is bullish for metals, along with speculation of weakening US economic reports prompting the Fed to cut rates. Central bank demand for gold remains strong.

Long liquidation pressures have weighed on precious metals prices since mid-October. Holdings in gold and silver ETFs have declined after reaching 3-year highs. Safe-haven demand persists amid the US government shutdown, geopolitical risks, and central bank buying.

Read more at Yahoo Finance: Dollar Falls as ADP Report Shows US Job Losses