U.S. Employment Data Anticipated to Influence Federal Reserve's Rate Decisions

According to Odaily, the U.S. dollar remains stable ahead of the release of employment data, which could provide insights into the timing of the Federal Reserve's next interest rate cut. The ADP employment figures for December and the JOLTs job openings for November are scheduled to be released tonight at 21:15 and 23:00 UTC+8, respectively. Additionally, the ISM services data will be published. However, the primary focus for the market this week is the U.S. non-farm payroll report set for release on Friday. If signs of a weakening labor market become more evident, it may lead the market to anticipate an earlier rate cut. LSEG data indicates that the probability of a rate cut in March is currently balanced, but a rate cut is fully priced in by June.