The dollar held steady ahead of the release of US economic data.

The dollar held steady ahead of the release of US employment data, which could provide clues about the timing of the Federal Reserve's next rate cut. The December ADP employment report and the November JOLTs job openings will be released tonight at 21:15 and 23:00 Beijing time, respectively. The ISM services data will also be released. However, the key focus for the market this week remains the US non-farm payroll report released on Friday. Further signs of a weakening labor market could prompt the market to anticipate the timing of the next rate cut earlier. LSEG data shows that the market currently prices in a roughly 50/50 probability of a rate cut in March, but a rate cut won't be fully priced in until June. (Jinshi)