While the Eurozone expanded less than expected in the third quarter, U.S. data disappointed as well, whereas Janet Yellen's statement was supposed to make markets more volatile.
What about another sharp drop of the Euro? After another set of disappointing data from the Eurozone, the single currency plunged, moving closer to 1.34, and in case it is breached, a retest of recent low around 1.3389 could be expected.
The Australian Dollar inched higher on Wednesday, as Westpac Melbourne Institute said Oz consumers are more upbeat on the economy on the back of half-century low interest rates and constantly rising property prices.
The decision to make a hike in consumption tax in April was made by the Japanese government after the economy went under scrutiny and Japanese leading economists said the economy will withstand the planned increase.
The Pound has been highly volatile during the last two days, led mostly by fundamental data.
One of the main functions of a central bank in any country is to maintain price stability by managing country's money supply.
While analysts believe EUR/USD would consolidate for some time after last week's sharp drop, latest fundamental data from the Eurozone is likely to push the common currency even lower.
The Australian Dollar plunged to the lowest level in six weeks against its U.S. counterpart on Tuesday, hitting 0.9324, as traders were disappointed with weaker-than-expected business confidence, while separate report showed Australians are getting less optimistic about Tony Abbott and his pledge to revive the economy.
Shinzo Abe's ultra-loose monetary policy and other set of measures also known as Abenomics are boosting growth in the world's third largest economy, making investors more confident about economic prospects, hence, attracting more investment in the economy.
After months of strong data from the U.K., analysts expressed their views the economy would hit the 7% threshold in the unemployment rate significantly earlier, as the pace of expansion accelerates.
While some experts are trying to predict a possible date, when the Fed will start scaling back its unprecedented QE programme, others are weighing whether the massive bond-buying scheme was worth the cost.
The single currency extended a period of declines against other counterparts on Tuesday, after a report from German Federal Statistical Office unveiled disappointing inflation data, reflecting weak domestic demand and underscoring challenge for the ECB to increase inflationary pressure in the region.
Analysts all over the world are concerned that rapid price gains amid record-low interest rates are sparking fears of another housing bubble in countries starting from Canada to Sweden and China. Moreover, Britain's growth is considered by economists to be mostly led by a strong demand for property that was spurred by government schemes.
The world's third largest economy logged bigger than expected current account surplus in September, on the back of strong income from investments made abroad, though, this optimistic data may mask the underlying problem of structural trade deficits.
Britain now is one of the fastest growing economies in the world and recent data from all key sectors- manufacturing, construction and services, are suggesting the U.K. would build up steam in the coming months, hence, the pace of growth is likely to accelerate.
The U.S. Dollar soared 0.61% against other major currencies during the last five trading days, while EUR/USD fell to 1.329 on Thursday.
While European policymakers are struggling to create a strong banking union, and conduct all the necessary stress tests to avoid another crisis, former head of the U.S. Federal Reserve Alan Greenspan pointed out that the whole region would be able to survive only after a formation of a political union.
Last week markets were surprised by Mario Draghi's decision to trim benchmark interest rate amid weak inflation and gloomy outlook, making the Euro the major underperformer. In contrast, the Kiwi was the main gainer, advancing 1.22% versus other major currencies during the last five trading days. Financial markets were mostly driven by the fundamental news, while this week is expected
Following the gloomy forecasts for the Eurozone from Mario Draghi, the Australian central bank shared pessimism after an unbelievingly disappointing quarterly statement on the monetary policy.
While Swiss policymakers are constantly monitoring EUR/CHF currency pair and are ready to defend the cap if needed, USD/CHF has been on the rise since October 25, penetrating strong resistance at 0.9177 and heading towards 0.9389.
During the last couple of months markets got overexcited about the U.K. economy, as a series of the reports indicated the recovery is gaining momentum.
Dollar extended Thursday's gains against the single currency on Friday after the data from the Bureau of Labor Statistics showed the economy created more jobs than initially was expected, while unemployment rate came in line with analysts' forecasts.
Traders were caught by surprise by the ECB rate decision, while after S&P cut France's credit rating by one notch, the single currency extended its decline versus other currencies.
Australian Dollar fell to 0.9465, hitting Tuesday's low after disappointing data from the Oz labour market. Australia's Dollar fell almost 0.5% versus both the U.S. Dollar and single currency, almost eroding Monday's gains.