NFP Forecast: US employers expected to add significantly less Nonfarm Payrolls in October

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• US Nonfarm Payrolls are forecast to rise by 180K in October, nearly halving from September’s 336K increase.
• Headline NFP and Average Hourly Earnings data are set to significantly impact the US Dollar.
• The Bureau of Labor Statistics is due to publish the United States employment data at 12:30 GMT.

The Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook. The US Dollar (USD) is poised for a big reaction to the labor market data, as NFP data tends to infuse intense volatility across the FX board.