Following the upbeat data from Japan, which reduced the immediate probability of more easing measures from the nation's central bank, the Japanese Yen inched higher.
Sales at the nation's retailers is the primary gauge of consumer spending, which represents a vast majority of overall economic activity.
The world's largest economy has once again showed its high level of dependence on the household spending, as fourth quarter's final GDP figures were revised up mostly due to the fact consumer spending soared the most in three years.
The most traded currency pair showed little progress till Thursday, fluctuating within the weekly range.
Another success story from the RBNZ. While central bank's hawkish view and rate hikes can slow down economic growth, all decisions made by Graeme Wheeler's team proved to be successful so far.
Earlier this year Australian policymakers claimed that an exchange rate of the Aussie against the U.S. counterpart around 0.92 is representing a threat to the domestic economy, dampening exporters' profits.
Earlier this week the Office For National Statistics said the rate of consumer prices decelerated to 1.7% last month, hitting the lowest since November 2009 and slowing from 1.9% a month earlier.
Durable goods orders are considered to be a leading indicator, as businesses increase their spending signalling willingness to boost activity in attempt to fill the orders.
European economy is on the mend and the worst is over. These hopes have been boosting the single currency since July 2013, when Draghi pledged to do whatever it takes to save the currency union.
The Australian Dollar eased back from this year's high against the U.S. Dollar, as bulls are facing strong resistance around 0.9150 and without a strong bullish bias, further appreciation is unlikely, especially keeping in mind comments from the Fed.
The New Zealand Dollar continued its appreciation against other major currencies, as brighter economic outlook outweighed gloomy news from Chinese and U.S. manufacturing sectors.
Surprisingly how fast inflation in the U.K. moved back into a worrying territory, falling below the healthy 2% level.
When Bernanke was in position of the Fed's Chairman he cited two sectors of the economy as the main drivers behind economic growth—the labour and property markets.
Here we go. Finally, Ukraine crisis and the latest geopolitical tensions are starting to fee through the European economies.
The Australian Dollar is moving back into "uncomfortable" level against the U.S. Dollar, with the pair climbing to 0.91. The Aussie is strengthening helped by some certainty over the local interest rate outlook and overall economic forecast.
The Japanese Yen continued its depreciation against other major currencies on Monday as the International Monetary Fund claimed the global economy is improving, damping demand for safe haven currencies.
During the last policy meeting, the Bank of England's Monetary Policy Committee's members were unanimous in voting in favour of keeping both interest rates and the stimulus programme unchanged.
In case the Federal Reserve wants to start raising interest rates in the first half of 2015, it needs a clear indication the world's largest economy is on the path of recovery, and growth will be stable around 2.5%-3%.
Janet Yellen's comments were supposed to provide a long-term bullish bias for the U.S. Dollar, hence, send the most traded currency pair at least to 1.36 level.
The Aussie and kiwi will most likely be driven by the Federal Reserve's interest-rate guidance.
The Canadian Dollar was the worst-performing major currency during the last week.
Britain's budget deficit increased more than initially was expected in February on the back of higher government spending, that accelerated at the fastest pace in almost a year.
Dukascopy traders were holding short positions on the EUR/USD pair during the last several months. The pair, however, managed to climb almost to 1.40 level.
After European Union leaders gathered in Brussels to discuss a response to the Crimean crisis, they decided to impose sanctions on another 12 individuals, thus bringing the blacklist to total of 33 officials.