#NFPCryptoImpact Signs of cooling labor market conditions would force traders to pare bets supporting the Fed to keep interest rates unchanged in the March meeting at their current range of 4.25%-4.50%. Meanwhile, traders are confident that the central bank will maintain the status quo later this month, according to the CME FedWatch tool.

Ahead of the US NFP data, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is flattened above 109.00. The performance of the US Dollar (USD) has remained firm as President-elect Donald Trump is expected to declare a national economic emergency to provide legal justification for preparing an import tariff plan for the nation’s allies and adversaries, CNN reported.