The market remained steady after the ADP data release, awaiting Friday's non-farm payrolls to set the tone for rate cut expectations.

On January 7, the US dollar remained steady despite the US private sector employment data slightly underperforming expectations. According to today’s ADP report, private sector employers added 41,000 jobs in December. Economists surveyed by The Wall Street Journal had previously expected an increase of 48,000 jobs. However, last month’s data was revised to show a reduction of 29,000 jobs by employers, whereas the initial report indicated a decline of 32,000 jobs. The US dollar index remained largely unchanged after the ADP data release, stabilizing at 98.601. The market is awaiting the release of the US non-farm payroll report on Friday, which could influence market expectations regarding the Federal Reserve’s next rate cut. (Jin10)