The U.S. dollar held firm despite weaker-than-expected ADP job growth, with investors awaiting Friday’s nonfarm payroll report to gauge potential Federal Reserve policy shifts.
On January 7, the U.S. dollar index stood at 98.601 as December’s ADP report showed private employers added 41,000 jobs, below the forecast of 48,000. November’s figure was revised to a loss of 29,000 jobs. Investors are now focused on Friday’s nonfarm payroll report to assess the timing of potential Federal Reserve interest rate cuts.