Before the US employment data was released, dollar trading stabilized. These data may provide clues about the timing of the next time the Federal Reserve cuts interest rates. ADP private employment data will be released at 1315 GMT, followed by job vacancy and labor mobility surveys and American Institute of Supply Management service industry data. However, Friday's US non-farm payrolls report is the focus of this week. If there are more signs of weakness in the labor market, it may prompt the market to advance expectations for the next rate cut. According to data from the London Stock Exchange Group, the market's pricing of the March interest rate cut reflects a 50% chance, but it won't be fully included in a rate cut until June. The DXY dollar index was flat at 98.549.

Before the US employment data was released, dollar trading stabilized. These data may provide clues about the timing of the next time the Federal Reserve cuts interest rates. ADP private employment data will be released at 1315 GMT, followed by job vacancy and labor mobility surveys and American Institute of Supply Management service industry data. However, Friday's US non-farm payrolls report is the focus of this week. If there are more signs of weakness in the labor market, it may prompt the market to advance expectations for the next rate cut. According to data from the London Stock Exchange Group, the market's pricing of the March interest rate cut reflects a 50% chance, but it won't be fully included in a rate cut until June. The DXY dollar index was flat at 98.549.