The U.S. dollar weakened against the euro and yen today on concerns about the deteriorating U.S. labor market after a report showed that private employers cut jobs last month.

ADP Research said today that its preliminary estimates show that private employers shed an average of 11,250 jobs a week in the four weeks ending October 25.

It comes as the federal government moves closer to reopening, which will unleash a flood of economic data that may point to a slowing economy.

“When the government is closed, the news stream is non-existent. With the government going to reopen, I think we’re going to begin seeing more cracks,” said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. The U.S. Senate approved a compromise on Monday that would end the longest governme

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