By the middle of Wednesday's trading session the New Zealand Dollar against the US Dollar remained below the resistance put up by the weekly PP, which is located at the 0.6953 level.
During the first half of Wednesday's trading session the US Dollar continued to bounce around the weekly PP at 1.3460 against the Canadian Dollar.
The EUR/JPY cross closed with a 68-pip loss on Tuesday, meaning that the 122.00 major level gave in.
Ahead of the Fed Funds Rate decision the US Dollar failed to outperform the Aussie, in spite of inflation and retail sales showing relatively good signs.
During the early hours of Wednesday's trading session the yellow metal's price fluctuated near the 1,200 mark.
Strong PPI was insufficient to cause any substantial volatility on Tuesday, but the USD/JPY pair still remained relatively unchanged for the third consecutive day.
The GBP/USD pair was close to touching the 1.21 mark on Tuesday, the lowest level in two months; however, it was able to stabilise above the 1.2150 mark.
On Wednesday morning the common European currency was squeezed in by two simple moving averages against the US Dollar just above the 1.06 level.
By the middle of Tuesday's trading the New Zealand Dollar suffered minor losses against the US Dollar, as the currency exchange rate declined and reached below the 0.69 mark.
On Monday, the AUD/USD currency pair closed trade almost in accordance with expectations, falling just 8 pips short from the 0.7580 target.
As was anticipated, the Yen took the upper hand on Monday, reversing the EUR/JPY pair's polarity.
During the previous trading session the bullion failed to move even higher, as the commodity price has retreated back to the 1,200 level, where it remained rather flat on Tuesday morning.
The USD/JPY currency pair behaved in accordance with expectations yesterday, being that it managed to remain above the immediate support area and avoid substantial gains.
On Monday, the monthly S1 prevented British Pound from appreciating further, resulting in another spark of bearish momentum earlier today.
During the early hours of Tuesday's trading session the common European currency retreated against the US Dollar.
Although the Kiwi started the week with a higher opening than the previous closing price against the US Dollar, the currency pair declined by the middle of Monday's trading.
During the first half of Monday's trading session the Greenback remained rather flat against the Loonie, as the currency exchange rate was fluctuated near the 1.3450 level.
Disappointment in US earnings data on Friday allowed the Aussie to begin its recovery.
The Euro continued to outperform the Japanese Yen, having appreciated just over 100 pips on Friday.
During the early hours of Monday's trading session the yellow metal's price had surged above the 1,210 mark, as the bullion continued the course of regaining its losses.
"We believe the USD/JPY will edge upward to the ¥115-120 level not in a straight line but with some fluctuation over the coming 3-6 months." – Deutsche Bank (based on FXStreet) Pair's Outlook The Greenback failed to appreciate against the Japanese Yen on Friday, therefore, preserving the ascending channel's resistance line. The pair failed to reclaim the 115.00 major level, which suggests
Even though the US NFP data came out strong on Friday, the earnings growth still disappointed, bringing doubts over a March rate hike, thus, turning the tide on the Greenback's rally.
Due to comments from the president of the European Central Bank, Mario Draghi, the common European currency jumped against the US Dollar in the recent trading sessions.
The New Zealand Dollar regained strength against the US Dollar during the first half of Friday's trading session, as the currency exchange rate approached the resistance put up by the weekly S2 at the 0.6956 level.