BITPRISMIA
The US Dollar is experiencing a period of consolidation following the Non-Farm Payrolls (NFP) report, with market participants awaiting further economic data and Federal Reserve policy signals to determine future direction.
The July 2024 US Jobs Report showed a significant decline in job additions, adding only 73,000 jobs against a forecast of 110,000, indicating a potential cooling in the labor market with implications for the economy and crypto markets.
The US nonfarm payrolls report for June showed a significant increase of 147,000 jobs, surpassing expectations and indicating strength in the labor market, which has implications for the economy and Federal Reserve policy.