#NFPWatch Nonfarm Payrolls measures the change in the number of people employed during the prior month, excluding workers in the farming industry.Given that full employment is one of the Federal Reserves mandates, it is very closely watched.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

The NFP is a monthly report that estimates the net number of jobs gained in the US in the previous month, excluding those in farms, private households, and non-profit organizations.

US Dollar stabilizes as NFP boosts sentiment, trade and fiscal risks persist. The US Dollar edges higher after stronger-than-expected June NFP data boosts sentiment and tempers Fed interest rate cut expectations. The US economy added 147,000 jobs in June, while the Unemployment Rate unexpectedly declined to 4.1%.