#NFPCryptoImpact

NFP are also closely scrutinized by the US central bank, the Federal Reserve (Fed), to assess their monetary policy. The Fed does have a double mandate to keep both employment and inflation figures at healthy levels for the economy. Therefore, the measure of the jobs added or lost will set the tone for the upcoming Fed interest rate hike decision.

Here are some quick examples.

Instance 1: If the NFP data for December comes in higher than the prior month, it indicates that more jobs have been added. This is a positive development and will indicate a stronger economy, allowing the US Dollar to strengthen.