In the currency market, the non-farm payroll data consistently generates the greatest rate changes. As a result, numerous experts, traders, funds, investors, and speculators are eagerly awaiting the NFP data and its impact on currency. The fact that so many parties are watching and analyzing this report can cause rate swings even if the number is in line with expectations.

Every month, the NFP report reports the overall increase or decrease in the number of paid U.S. workers across most industries. Increasing numbers can indicate economic expansion, but also cause investors to worry about inflation, while declining numbers indicate larger economic concerns.