US non-farm payrolls show us how many new jobs have been created over the previous month. Usually – although not always – this number is released on the first Friday of each month and brings with it about of volatility for assets like dollar crosses and US equity indices. Recent growth in the US economy means that job creation has been prolific and unemployment is at a record low.
However, any suggestion that this isn’t being sustained will call into question the Federal Reserve’s ability to keep hiking interest rates. If this happens, expect the dollar to sell off across the board.
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