Key Employment Data Release Imminent, Dollar Index Fluctuates Narrowly Awaiting Policy Signals

Odaily News The dollar edged lower ahead of the release of U.S. economic data that could provide clues about the pace of the Federal Reserve's interest rate-cutting cycle. ADP private sector employment data will be released tonight, followed by the ISM services survey. Analysts at Danske Bank noted in a report that the ADP data might give the market an initial sense of expectations for the key non-farm payrolls report. The non-farm payrolls report, originally scheduled for Friday, was delayed due to a partial government shutdown. However, President Trump signed a bill to end the shutdown on Tuesday, so the delay is not expected to be lengthy. (Jin10)