On Tuesday at 21:30 Beijing time, the non-farm payroll report for October-November will be released. The market expects an increase of 40,000 in seasonally adjusted non-farm employment for October-November, compared to a previous increase of 119,000; the unemployment rate for October-November is expected to be 4.4%, unchanged from the previous value.

  Given that Federal Reserve Chairman Powell previously cited the weakening labor market as a main reason for interest rate cuts, if the employment data released this week shows weakness, the dollar may face further selling pressure before the year-end. At the same time, on Tuesday at 21:30 Beijing time, the Census Bureau will release the retail sales data for October.