• US Nonfarm Payrolls are seen rising by 175K in July after June’s 206K increase.
• The Bureau of Labor Statistics will publish the high-impact United States jobs report on Friday at 12:30 GMT.
• The employment data could exacerbate the US Dollar’s pain after the Fed’s dovish hold on Wednesday.

Attention now turns to the high-impact Nonfarm Payrolls (NFP) data for July, slated for release on Friday at 12:30 GMT, as markets continue to assess this week’s US Federal Reserve (Fed) policy decision.

The US labor market data will be released by the Bureau of Labor Statistics (BLS), which could hint at another interest-rate cut by the Fed before the year’s end, as a September lift-off is a done deal. The US Dollar (USD) is poised for heightened volatility on the data release.