US STOCKS-Wall St set to rise on weak USD ahead of Fed statement

* U.S. firms cut jobs in Oct at slowest pace in more than yr-ADP

* FOMC statement on rates and economy due

* U.S. dollar falls against basket of currencies

* For up-to-the-minute market news, click [STXNEWS/US]

(Recasts, changes quote)

By Rodrigo Campos

NEW YORK, Nov 4 (Reuters) - Wall Street was set to open higher on Wednesday on a weaker U.S. dollar as investors awaited the Federal Reserve's statement on interest rates and the economy.

Crude futures CLc1 rose nearly 1 percent to top $80 a barrel as the dollar retreated from a one-month high against a basket of currencies .DXY.

"The dollar is falling, and lately that means that the U.S. equity market will rise," said Michael Pento, senior market strategist at Delta Global Advisors in Boston.