NFP to test state of US labor market as bets of another big Fed rate cut persist

Oct. 4, 2024 - FXStreet

US Nonfarm Payrolls are set to increase by 140K in September, similar to August’s gain of 142K. The United States labor data will be published by the Bureau of Labor Statistics on Friday at 12:30 GMT.

The US jobs data could have a significant impact on the direction of the Fed interest rates and thus the US Dollar’s valuation. The high-impact Nonfarm Payrolls (NFP) data from the United States (US) for September will be published by the Bureau of Labor Statistics (BLS) on Friday at 12:30 GMT.

Amidst fading bets for a large Fed rate cut in November and escalating conflict between Iran and Israel, the US Dollar sustains its recovery from over one-year lows against its major rivals...