Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThese were the figures released in the February NFP:
As the market was unimpressed with the data, the USD started losing value
In fact, it started depreciating before the release - the figures provided by the US Labor authorities just enhanced the effect. That's very visible on the chart below: EUR/USD rises in the marked period from 1.1980 to 1.2050 and keeps rising later on after a brief correction.
Here is what observers expect:
Weak NFP data drives the USD down; better-than-thought figures makes the USD stronger
