The dollar strengthened before the release of the USA non-farm employment data. The non-farm employment data may provide hints regarding the timing of the Federal Reserve's next interest rate cut. ING Groep economist Francisco Pesole stated in a report that the risk balance tends to favor a rise in the dollar, as potentially strong employment data may 'prompt the market to digest the March rate cut and could push the first fully priced cut beyond June.' If the data is weaker than expected, investors may reduce their long positions on the dollar. However, ahead of the upcoming key data and Trump's presidential inauguration on January 20, these longs may rebuild at better levels.