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#NFPBeatsExpectations
US Non-Farm Payrolls (NFP) data exceeded expectations! 😊 130,000 new jobs were added in January, while the unemployment rate fell to 4.3%. Average hourly earnings also increased by 0.4%. This data may postpone expectations of a Fed interest rate cut.
*Impacts:
- *USD Strengthens*: The US dollar gained strength with the strong employment data.
- *Gold*: Gold prices are under pressure due to the strengthening USD.
- *Cryptocurrency*: Bitcoin experienced volatility after the NFP data.
Markets are now watching the Fed's interest rate policy and future economic data. 😊
$BTC