Employment data may make the USD volatile
The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
Will the US jobs data surprise us this week?
US Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, will be released at 15:30 MT time on August 2.
The indicator shows how many jobs were created in the United States during the last month. It’s released together with the unemployment rate and the average hourly earnings indicators. All 3 of these indicators have a great impact on the USD. The last time, on July 5, NFP came out at 224K (readings close to 200K are considered to be strong). The slight disappointment with the unemployment rate and average earnings index didn’t spoil the picture. Traders bought the US currency on the news, and the USD rose versus all major currencies.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
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Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
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