looking back at friday's nfp / understanding news timing

Discussion in 'Forex' started by daytraitor123, May 9, 2009.

  1. unfortunately i am looking for you to explain this to me, not vice versa :)

    my understanding is the news was basically good, and so people left the dollar in search of higher-yielding currencies.

    looking back at pairs like usd/chf, aud/usd there is initial reaction right on the minute of the news, but it looks like the real move didn't come til 3-4 hours later.

    1) does that seem like a correct summary of events?

    2) if so, can anyone explain that timing?