The EUR/USD currency pair moved closer to the 1.35-mark on Thursday, despite positive data from the industrial sector and confident comments from the ECB.
The Australian Dollar maintained its gains on Wednesday, as even despite disappointing consumer sentiment, the AUD/USD pair was still trading around 0.9380.
The Bank of Japan is expected to stay pat on its monetary policy this week, and will most probably, offer a brighter outlook for overseas economies.
The unemployment rate hit the lowest level in more than five years, while the number of people claiming unemployment benefits fells more than expected.
Fed officials and economists all over the world are confident about the prospects of the world's largest economy.
The single currency declined for the third straight session on Wednesday, with the EUR/USD pair falling 0.15% and moving closer to its four-month low seen last week after the ECB meeting.
The Aussie traded higher on Tuesday, with AUD/USD inching higher 0.03% to 0.9356, as domestic data and figures from China offered a brighter outlook for the economy.
Given the moderate but stable increase in consumer prices and stronger-than-expected growth in the first quarter, the Bank of Japan is likely to stay pat during its two-day meeting later this week and will dash private-sector hopes that additional stimulus will be launched anytime soon.
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.