Non-agricultural employment, usually NFP, refers to an employment data released by the United States. It can reflect the development of manufacturing and service industries, and the decrease in numbers means that enterprises reduce production and the economy enters a depression. Reasons why employment data is important:
Since NFP is the key reference data for the adjustment of the Fed's monetary policy, it will affect the strength of the dollar, so traders will make an expected valuation of this data every month.
The influence of NFP data on foreign exchange currencies Whenever the NFP data is published soon, the expected position adjustment based on this data may lead to investment losses, and some even unexpectedly turn to individual currency pairs.