The dollar held steady ahead of the release of U.S. employment data, which could provide clues as to the timing of the next interest rate cut by the Federal Reserve.December’s ADP employment report and November’s JOLTS job openings will be released at 9:15 p.m. and 11:00 p.m. Beijing time, respectively. ISM services data will also be released.However, the key focus for the market this week remains Friday’s U.S. nonfarm payrolls report. If further signs of a weakening labor market emerge, it could prompt the market to bring forward expectations for the timing of the next rate cut. LSEG data shows that the market currently prices in a roughly 50-50 chance of a rate cut in March, but does not fully factor in a rate cut until June.