FX.co ★ US dollar to rise due to US Non-Farm Payrolls report

Investors are awaiting the crucial Non-Farm Payrolls report, as its data will certainly affect demand for currencies in the market.

For the most part, dollar is the one gaining advantage on the release of US NFP reports.

Since data almost always come out better than the forecasts, demand for it usually rises in the market, thereby increasing its value against other world currencies.

For example, on June 5, data came out much better than the forecast, so USD rose sharply in the market.

The same was observed last July 2, when data once again came out stronger than the forecast.

Such also happened on August 7, after it was revealed that actual data is higher than the forecast.

Thus, today, another rise in the dollar is expected, provided that NFP comes out higher than the forecast. The greater the difference between the actual data and the forecast is, the stronger and brighter the movement will be.