Malayan Banking reports that the US Dollar Index (DXY) has found support as short positions moderately unwind ahead of the January nonfarm payrolls release. Despite weaker-than-expected December retail sales data, the dollar remains supported, with market focus on the modest expected payroll increase and stable unemployment rate. The key driver weighing on the dollar is the forecasted historic annual downward revision of employment figures by 825,000, leading to expectations of dollar consolidation before Friday's data.
