Non-farm payrolls are expected to see the largest annual revision in history, and the US dollar index is expected to remain volatile ahead of the data release.

According to a report by Odaily, the US Dollar Index (DXY) has found support, and short positions appear to be being moderately reduced as the market cautiously awaits tonight's January non-farm payroll data. Despite last night's lower-than-expected US December retail sales data, showing no change month-on-month, the dollar maintained some support. The market is focused on the January non-farm payrolls, which are expected to show an increase of approximately 65,000 (compared to 50,000 last month). The unemployment rate is expected to remain at 4.4%, and the revised annual employment forecast for 2025 is projected at -825,000. This is the main reason for the dollar's weakness this week – the market anticipates the largest annual downward revision in history. After relatively significant volatility this week, the dollar is likely to consolidate before the non-farm payroll data release. (Jinshi)