The US dollar index is still a hot topic in the financial markets in 2025. The latest figures show it hovering around 97.98. The employment situation in the US is not very optimistic, and everyone is focused on the upcoming US Non-farm Payrolls (NFP) data.

The US Non-farm Payrolls (NFP) expectation for new jobs is 75,000, which is a bit lower than the first half of the year. If the number drops significantly, the dollar may weaken. If it is unexpectedly good, it might even rise.

The issue of tariffs is also a headache. If inflation rises, the dollar bears might not be very happy. From a technical perspective, the daily chart seems to be looking a bit better, and the RSI is relatively stable.

In the coming days, PPI, employment survey revisions, and CPI are also worth noting. 98.70 and 99.60 seem to be resistance levels, while around 97.50 there may be support.

Overall, US Non-farm Payrolls (NFP) may influence the direction of the US dollar. The market seems to have digested the expectation of a 25 basis point rate cut in September and two rate cuts for the year. It appears that rather poor data would be needed to change this expectation and put pressure on the dollar. But who knows, the market can be quite unpredictable at times.