On Tuesday the Pound appreciated versus all major currencies and it seems that a boost provided by the stronger-than-expected gain in industrial production is likely to provide a long-term boost for the currency.
While the single currency was pushed lower by dovish comments from the ECB officials, the greenback benefitted from stronger-than-expected U.S. fundamentals.
The single currency received another bearish impulse from ECB's officials' comments on Wednesday, as they revived QE speculations.
Amid a lack of fundamental news the Kiwi trades higher versus the greenback, tracking back some of the last week's lost gains following the labour market report from the United States.
This week starts with positive news from Japan, where first quarter's growth was revised to the upside, as capital spending soared more than it was initially expected.
This week analysts will eye U.K. manufacturing production and reports from the labour market, which all are expected to point at further strengthening of the Britain's economy.
The U.S. officials are desperately trying to calm down investors, following disappointing first quarter's GDP report.
Last week Mario Draghi announced a big policy step– he implemented a negative interest rate on the central bank's overnight deposit account– a move largely priced in by markets.
Last Thursday was the day the Reserve Bank of Australia has been dreading for months.
Yes, a misery index, you've got it right.
It seems that Mario Draghi's announcement provided a long-term, strong bullish bias for the Sterling, as even disappointing statistics from the domestic economy had almost no impact on the cable.
The economy contracted 1.0% in the first quarter, the ADP non-farm payrolls report disappointed markets to the downside, Fed officials were ready for weak job growth and an uptick in the unemployment rate.
The decision to cut all three interest rates and expand its LTROs was supposed to push the single currency significantly lower, as central bank tries to combat higher Euro and weak inflation.
Welcome to the uncharted waters.
The Australian Dollar is poised to hit the highest level since November against its New Zealand counterpart, after penetrating a key resistance for the first time in more than a year.
Japan's economists have been examining the strength of the world's third largest economy for months before giving a green light for Shinzo Abe to make the first tax hike since 1997.
The Bank of England offered no surprises to markets and lefts its monetary policy unchanged during June's meeting, given its vocal commitment to keep the base rate unchanged for as long as possible.
The Fed publishes its Beige Book eight times per year. Central bankers have been doing so since 1983, however, even at that time they were considering its content harmless, and perhaps, that is why they have put a beige cover on it.
The ECB left its bazooka in the closet; however, entered the uncharted territory, widely meeting analysts' expectations.
Upcoming spending cuts and new taxes, a possible boom in the housing market and waning investment in the key mining sector– all that was constantly adding more pressure on the RBA to reconsider its monetary policy.
New Zealand central bank made two consecutive rate hikes over the last two months, bringing the official cash rate to 3.00%.
Following two consecutive disappointing reports from manufacturing and construction sectors, the Sterling has lost some of the value versus other major currencies and moved closely to a major level at 1.67.
After the release of the disappointing statistics from the world's largest economy, the single currency managed to gain only 0.02%, with EUR/USD hitting 1.3629, as looming ECB meeting pushed the single currency lower.
With one day left before the ECB meeting, 18-nation's bloc continues to disappoint.