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Answer:
Reports such as monetary policy decisions (interest rate and other non-conventional measures), employment report (i.e. NFP), GDP, retail sales, CPI, and the like also have a short term impact on currency prices especially if there is a substantial variation from the consensus. In the case of the US NFP report, prices usually swing wildly on both directions before and after the release. You may check out last Friday's price action to get an idea of this.
