February US Non-Farm Payrolls (NFP[1]) Prints at
US Dollar[2], US NFP Talking Points
- The US Dollar came into the morning holding on to an aggressive bearish trend.
- This morning brought the release of February Non-Farm Payrolls Numbers.
- This morning’s NFP print was released to a tune of +273k.
US Non-Farm Payrolls for February
It was a busy backdrop coming into the morning as a recent round of risk aversion sent global markets spiraling in disarray. While stocks have seen a bit of pressure, it’s been moves in the significantly larger US Treasury market that’s caught so many by surprise.
This flight to quality is being driven by fears around the still-spreading Coronavirus, and investors and traders have started to hone in on data releases in the effort of gauging just how much slowdown may emanate from this fear.
In the US, the risk is still relatively new, so data is of the upmost importance in trying to set those expectations; and Non-Farm Payrolls is especially pertinent given that it’s the fastest look recent econ, particularly on the employment-front.
Article is updating…
--- Written by James Stanley, Strategist for DailyFX.com
Contact and follow James on Twitter: @JStanleyFX[3]
DailyFX[4] provides forex news and technical analysis on the trends that influence the global currency markets.
