• US Nonfarm Payrolls are foreseen at 185K in May, data hints at a miss.
• The United States Employment report could impact the Federal Reserve’s decision next week. 
• The US Dollar heads into the event with a weak tone, still lacking directional momentum. 

The United States (US) will release the May Nonfarm Payrolls (NFP) report on Friday at 12:30 GMT. Ahead of the event, the country released multiple employment-related figures that anticipate a soft NFP headline figure. 

Furthermore, the European Central Bank (ECB) announced its decision on monetary policy on Thursday. As widely anticipated, the central bank trimmed interest rates by 25 basis points (bps) each, with the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility coming down to 4.25%, 4.5%, and 3.75%, respectively. However, European policymakers delivered a quite hawkish statement, limiting EUR/USD slide after such an aggressive decision.