The dollar rose slightly against the South African rand currency pair on Friday, while remaining at 18 in the near-term focus..A three-week high of 8384, key US jobs data set for an exciting day in the near term that could provide clues about Fed rate expectations。

This Forex Currency Pair Best Earnings Earnings Weekly Performance Since Early August, Up 2.45%, mainly because the market has gradually lowered its expectations for the Fed to implement significant and early rate cuts this year.。

The market currently expects a rate cut of less than 140 basis points in 2024, compared to 160 basis points at the end of 2023.。

According to CME's FedWatch tool, the probability of a rate cut in March is now 65%, compared to 86% a week ago.。

Markets are currently focusing on the US non-farm payrolls report due out today at 13: 30 GMT。According to market opinion, employers in all U.S. industries, excluding the Department of Agriculture, may have added 170,000 jobs in December, up from 19 in recent November..90,000。If so, it would be the third consecutive month of job growth below the monthly average of 240,000 over the past year.。

Moh Siong Sim, currency strategist at the Bank of Singapore, said this week's macro data showed that the US labour market appeared to remain robust, while "the Fed may still have to stress that it will hold rates for longer than the market has priced in."。

Dollar / South African rand up 0 at 8: 31 GMT on Friday.39% at 18.7708。Earlier this week, the forex currency pair had risen 18.8384。The evening was the highest level for the pair since Dec. 13 (19.1002 ）。