US Non-farm Payrolls (NFP) are approaching, and the dollar may see a Rebound ahead of next week's economic indicators.

[Coin World] Coin World reported on June 28 that at the beginning of this week, due to news of U.S. intervention in the Israel conflict, the dollar rose sharply. However, with the signing of the ceasefire protocol, market sentiment improved, and the dollar pulled back all its gains and briefly fell below 97, hitting a new low since March 2022. Looking ahead to next week, traders will closely follow the U.S. PMI data and the non-farm payroll report, which will be released early on Thursday due to the holiday. Here are the key points the market will focus on in the new week:

Monday 21:45, US June Chicago PMI;

On Monday at 22:00, Atlanta Federal Reserve President Bostic will speak on the outlook for the US economy.

On Tuesday at 01:00, Chicago Fed President Goolsbee will deliver a speech;

On Tuesday at 21:30, Federal Reserve Chairman Powell will participate in a panel discussion.

Tuesday 22:00, US June ISM Manufacturing PMI, May JOLTs Job Openings, May Construction Spending MoM;

Thursday 20:30, U.S. initial jobless claims for the week ending June 21, June unemployment rate, seasonally adjusted non-farm payrolls for June, May trade balance;

Thursday 21:45, the final value of the June S&P Global Services PMI in the United States;

On Thursday at 23:00, Atlanta Federal Reserve President Bostic will deliver a speech on U.S. monetary policy.

For the June non-farm payroll report, the market expects the unemployment rate to remain unchanged at 4.2%, with employment numbers decreasing from a previous increase of 139,000 to 129,000. Other labor market data, such as May's JOLTs job openings data, will be released next Tuesday, while June's ADP private employment report will be published next Wednesday. If next week's ISM data also depicts a similar picture, investors may reduce their rate cut bets, especially as non-farm employment data continues to show a strong labor market performance. As the market gradually adapts to the idea that the Federal Reserve may maintain patience before resuming the rate cut process, the dollar may rebound.