What are the Impacts of Nonfarm Payroll on Financial Markets?

[Suba]

Nonfarm payroll (NFP) is a type of monthly report on the number of new jobs outside the agricultural sector and this NSP is issued by the United States Bureau of Labor Statistics every first Friday of the month

Nonfarm payroll is always used as one of the main indicators by analysts, investors, forex, stock and crypto traders. After the Nonfarm payroll report is released, it often moves market dynamics in seconds. So what do you think are the impacts of nonfarm payroll on financial markets?

 

[Augusta]

If the Fed decides to lower interest rates to combat high unemployment, it reduces demand for the dollar, causing the dollar's price to fall