Nfp

The US Dollar was hit by more than 1 percent against the Aussie and Kiwi due to the release of NFP data, while EURUSD and GBPUSD surged instantly.

NFP data delivered a remarkable surprise, causing market participants to overlook several disappointing U.S. employment-related data points.

Nonfarm Payroll (NFP) recorded an increase of 187k jobs in August 2023, surpassing both consensus estimates and previous data.

This is the first time in the past 15 months that the actual NFP data has missed expectations. As a result, the US dollar weakens.

Not all US economic data is stellar, but the most important data supports expectations of a Fed interest rate hike.

The US labor market report for May 2023 revealed a significant increase in NFP Data, surpassing consensus estimates by reaching 339,000 jobs created compared to the expected 180,000.

Some parties believe that the Silicon Valley Bank crisis occurred due to the aggressive increase of The Fed interest rates.

Without having to trade, you can profit from the NFP release just by estimating the price movement during the event. Here's everything you need to know about the Tickmill's NFP Machine.

The NFP data hinted at the need for another rate hike, triggering a rebound in the US dollar against all major currencies.

The US Dollar is falling as Non-farm Payroll and employee wages are on a general downward trend.