Series 7 - General Securities Representative Exam
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NFP - Non Farm Payroll data was just released. It came out higher than expected. What is the MOST likely effect on the US Dollar?
It will be shorted
A
It will not be affected
B
It will go down
C
It will go up
D
Explanations
NFP data measures the change in the amount of employed people during the previous month (excluding farming). If the number is higher than anticipated, it would most likely be bullish for the US Dollar