The Fundamental Connection of NFPs to the USDollar
NFPs are good for volatility, but its the underlying aspects of the labor report that matter more for trend development to the Dollar. Unemployment is one of the Fed's dual mandates on monetary policy, and that rate has dropped steadily for nearly six years. When the disinflaiton anchor is cast away, the Fed will start normalizing monetary policy and send investors scrambling for yield.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.