NFP FORECAST: US NONFARM PAYROLLS GROWTH SET TO SLOW IN FEBRUARY AFTER STELLAR BEGINNING OF THE YEAR

• US Nonfarm Payrolls are set to rise by 200K in February after January’s stellar 353K gain.
• The United States Bureau of Labor Statistics will release the labor market data at 13:30 GMT.
• Robust employment data could provide some relief to US Dollar buyers.

The all-important Nonfarm Payrolls (NFP) data from the United States (US) is slated for release on Friday at 13:30 GMT. The US labor market data, published by the Bureau of Labor Statistics (BLS), could significantly impact the market’s pricing of when the Federal Reserve (Fed) will start lowering interest rates, eventually influencing the US Dollar’s value.