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NFP Report

This week, the primary factor influencing the US Dollar will be the release of the US Nonfarm Payrolls (NFP) report for March, scheduled for Friday.

This economic data will play a crucial role in shaping market sentiments regarding the possibility of the Federal Reserve initiating interest rate cuts starting from the June meeting.

It is anticipated that the NFP report will reveal the addition of 200,000 jobs during the month, a decrease from the 275,000 recorded in February.

Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company. 

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