Ahead of key employment data, the US Dollar Index remains range-bound as markets await policy signals

On the eve of the release of US employment data, forex market sentiment has become cautious, with the US Dollar Index (DXY) showing limited fluctuations. Investors are also trying to find clear clues about the Federal Reserve's future rate cut pace from upcoming economic indicators.

According to Jin10 data, the US January ADP private sector employment report will be released tonight at 21:15. As an important precursor to the official non-farm payroll report, this data may provide initial guidance for assessing the true state of the labor market.

Following that, the upcoming ISM Services Index will further reveal key economic activity conditions, offering a more comprehensive reference for the market.

It is worth noting that, due to the previous US government shutdown, the official non-farm payroll report scheduled for this Friday faced a potential delay.

However, with President Trump signing legislation to end the shutdown on Tuesday, government operations have resumed, and the market generally expects this highly anticipated report to be released as scheduled.

Overall, the market is currently in a typical "data wait" period, and the calm movement of the US Dollar Index reflects investors' wait-and-see attitude before major signals are unveiled.

Whether it is the ADP leading indicator or the non-farm report due this Friday, any stronger or weaker-than-expected performance could instantly break this balance.

This will not only directly influence market expectations of the Federal Reserve's policy path but may also trigger chain reactions in forex and global asset markets.

#美元指数 #US Employment Data