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US NFPs May Fall by Most Since 1949 - How Will It Impact the US Dollar? (Written by Terri Belkas, Currency Strategist):
"if we see that NFPs fall more than expected and the unemployment rate climbs above 7.9 percent, the news could trigger losses in risky assets like stocks, trigger flight-to-safety, and thus, boost the US dollar against currencies like the euro. On the flip side, if job losses and the unemployment rate don’t climb quite as much as anticipated, the news could spark enough optimism to boost demand for stocks and forex carry trades, and subsequently lead the greenback lower.