Friday’s U.S. NFP report could be the dollar’s next big vibe check, as traders look for signs that the labor market is slowing without falling apart.

A hot jobs and wages combo could keep Fed rate hike talks alive and give the Greenback another boost, while a softer print may revive rate cut hopes and send dollar bulls back to their charts.

Here’s how the U.S. dollar might react to this week’s awaited data release: