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Non-Farm Payroll: Key Fundamentals Indicating Strong Labour Market, US Dollars Gaining Across-Board.

Last month, the Non-Farm Payroll positive release stood as a catalyst for the US dollar’s massive gains. The strong data point drove the US Dollar Index to the upside by a wide percentage margin, with the currency ascending to a multi-year high against its most liquid counterpart, the EURO hitting 0.99145 to 0.99990 price level below parity

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Non-Farm Payroll(NFP); Core Indicators Show Robust Job Gains Lately, Though Recession Uncertainty Looms

According to the Fed chair, Jerome Powell in his statement during the last FOMC meeting;

“Job gain is robust in recent months; unemployment rate remains low, businesses keep hiring with increased output and the Federal Reserve core objective of full employment is met”.

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