Non farm payrolls crypto impact (NFP)
The US Nonfarm Payrolls (NFP) report has a significant impact on the markets, as it provides insight into the health of the US labor market. A strong NFP report can boost the US dollar, as it suggests a growing economy and potentially higher interest rates.
Interest Rates:
A strong NFP report can lead to higher interest rates, as the Federal Reserve may view a growing labor market as a sign of inflationary pressures.
Currency Markets:
The NFP report can impact currency markets, with a strong report potentially boosting the US dollar and a weak report potentially weakening it.