It seems that amid the upcoming interest rate hike the RBNZ tries to push the kiwi as low as they can in order not to cause market turmoil, when interest rates will be actually increased.
Dukascopy traders are selling the Japanese Yen in 55% of the time, suggesting they expect it to depreciate.
Another portion of positive data from the U.K., and it seems we need to get used to it already, as British economy is only expected to gain momentum in the coming months, bolstering the case of the upcoming interest rate hike.
On Friday Ben Bernanke rode off into the sunset, however, his legacy will still be up in the air for the foreseeable future.
The 18-nation economy is sending mixed signals, making it more difficult for Mario Draghi to assess the condition of the economy and take any decision regarding the ECB monetary policy.
The first week of the month always represents a great opportunity for traders, who use fundamental analysis to predict possible currencies' fluctuations.
The kiwi was poised to rocket after the RBNZ meeting, where policymaker were expected not to raise interest rates, but at least provide some hawkish comments.
The world's third largest economy is expected to gain momentum ahead of the upcoming tax hike that can dampen all the efforts by Shinzo Abe and Haruhiko Kuroda.
Amid heating debates over Scotland's independence the BoE Governor Mark Carney has made a first visit to the north of the borders since taking office in July.
Thursday's GDP and jobless claims reports were projected to have a modest impact on market's movement, even despite the fact that they give an insight on what is happening with the key labour market and at what pace the economy is developing.
It was expected that the weaker-than-expected German inflation data would have significant bearish impact on the Euro, as weak inflationary pressure will put pressure on the central bank to boost growth.
A note of caution for Japanese policymakers came out on Wednesday, as Japanese Prime Minister Shinzo Abe refused to grant the central bank a total independence.
The U.S. Dollar– Swiss Franc cross has been in ascent thus far this week, bouncing back from this month's low of 0.8901.
Britain's housing market can become a serious headache for the government this year, as even despite recent pledges to address constantly rising property prices, values soared again in January, fuelled by the return of first-time buyers.
As it was widely expected the Federal Open Market Committee decided to cut the size of its monthly asset-purchases to $65 billion and left the forward guidance unchanged.
A couple of weeks earlier we wrote the ECB will have to act soon amid falling central bank's excess liquidity that pushed the Euribor rate to the highest since August 2012.
Australian currency moved further away from the desired by the RBA level on Tuesday, as consumer confidence and business conditions improved.
Until Friday the loonie is likely to remain relatively calm, and the only driving factor will be growing concerns over emerging markets' currencies.
The Sterling weakened from its almost two-and-a-half year high against the U.S. Dollar on Tuesday after the report from ONS showed British economy expanded in line with analysts forecasts.
It seems plausible that companies and investors are not so confident about future prospects of the world's largest economy even despite bold comments from politicians and policymakers, who consider 2014 to become a ‘breakthrough' year for the economy.
This week's highlight will be Friday's report from the Eurostat that is likely to show no change in the unemployment rate in December, staying around a record high at 12.1%.
More than three decades ago central banks across the world used heavy handed tactics to smack currencies, making daily trading highly risky and unpredictable.
Amid debates the BoJ will not announce fresh stimulus any time soon the Yen managed to appreciate against the U.S. Dollar and push the pair down to 101.76.
British economy is in its best shape since 2007 and this week's report is likely to confirm that.