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US NONFARM PAYROLLS FORECAST: SLOWDOWN IN NFP EXPECTED AFTER STRONG BEGINNING OF THE YEAR

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  • US Nonfarm Payrolls are seen rising by 200K in March after February’s 275K increase.
  • The United States Bureau of Labor Statistics will publish the labor market report at 12:30 GMT.
  • US employment data could impact the Fed rate cut expectations and the US Dollar dynamics.

The United States (US) Bureau of Labor Statistics (BLS) will publish the high-impact Nonfarm Payrolls (NFP) data on Friday at 12:30 GMT. The US labor market data is closely scrutinized by market participants for fresh insights on the Federal Reserve’s (Fed) outlook on the interest rates, which could impact the US Dollar price action in the near term.


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