NFP To Sustain USD Strength





Released during every first Friday of the month, NFP is a much awaited Forex news all over the world. Non farm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. Once released, the total non farm payroll accounts of workers (who produce the entire GDP of the US) will directly affect the movement of world's strongest currency - US Dollar.

The U.S. non farm payrolls (NFP) will be released on April 7, at 8:30 am EDT (12:30 GMT). Data tells that the forecast calls for a print of over 170,000 new jobs added to the US economy even after an impressive 235,000 announced last March - a significant sign for a major recovery as US employment is always a major factor economic growth.

Although the number has shown steady growth in favor US Dollar, traders are suggested to watch focusing on the real-time price movement with connection to related currency pair.

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