According to the latest minutes from the Bank of Japan, policymakers are determined to keep the current pace of the monetary policy for the foreseeable future, meaning the stimulus programme that was launched in April 2013 is far from its conclusion.
It seems that not everything is perfect in the U.K.
Inflation data from the world's largest economy was not expected to provide a significant impact on financial markets.
Since November 2013, when Mario Draghi slashed the minimum bid rate to 0.25% expectations for a fresh easing have been heating up till June 2014.
The NZD/USD currency pair bounced back from monthly PP at 0.8654 and was trading close to weekly pivot around 0.8726 at the beginning of this week.
Consumer prices account for a majority of overall inflation and represents a high importance for the central bank.
After trading in boundaries of the double top pattern for almost a month, the cable penetrated the lower boundary last Friday and is now trading around 1.7078.
Everyone starting from the ordinary U.S. consumer and up to the Federal Reserve is hoping the second quarter growth will surprise markets to the upside and will be able to offset first quarter's nightmare.
The single European currency advanced 0.15% on Monday and was changing hands around 1.3539 at the time of writing, erasing some of the losses that were logged during the last 20 trading days.
The latest minutes from the BoJ showed that policymakers are determined to keep the current pace of the monetary policy for the foreseeable future, meaning the stimulus programme that was launched in April 2013 is far from its conclusion.
The Canadian Dollar rose to a one-week high against the Greenback after the data on consumer prices in Canada.
The amount of money lent to borrowers to purchase real estate reached its highest level in eight months in June.
Consumer morale in the U.S. unexpectedly declined in July to the lowest level in four month, while index of consumer expectations fell for a third consecutive month as Americans' outlook for the country's economy worsened.
The ECB Governing Council member Jens Weidmann believes that loose monetary policy had "done its bit" to keep price stability in the Euro bloc, but cited a list of long-term dangers from easy money.
The previous week was full of central banks' decisions on monetary policy and governors' speeches; however, no surprising moves were announced.
According to minutes from the Bank of Japan's June 12-13 meeting, board members agreed that the current pace of asset purchases is having a desired effect in fuelling inflation and pulling the country out of 15-year long deflationary spiral, but with the central bank's inflation target still far away from sight economists believe that the BoJ will need to expand
The Reserve Bank of New Zealand is expected to raise the benchmark interest rate once again on July 24, lifting the cash rate a quarter point to 3.5%.
According to the latest figures, Scotland is set to reclaim its pre-recession peak ahead of the rest U.K., adding to signs the country has economic potential to be an independent country.
The number of people seeking unemployment benefits unexpectedly fell last week, adding to latest signs of the nation's labour market strength.
The Euro zone inflation, the primary gauge of consumer spending, remained low in what the central bank calls the "danger zone", in line with expectations, as falling prices of food and phone calls offset more expensive tobacco and restaurants. EUR/USD appeared to have a muted reaction on the data release.
Australia's CB Leading Index rose 0.2% in May following the downwardly revised 0.2% decline a month earlier.
Manufacturing sales in Canada advanced more than expected in May after falling to the negative territory last month, easing concerns over the country's economic prospects.
The number of people seeking unemployment benefits in the U.K. fell more than expected in June, pushing the nation's jobless rate to the lowest level since January 2009, although the pay growth was weaker than expected.
U.S. producer prices rose more than expected in June, while core prices increased marginally, indicating some inflation at the factory gate.