Despite a series of weak fundamental data from the United States, the greenback was the main gainer last week, advancing 1.16% versus its major peers, on hopes the Fed will delay tapering its QE until March 2014.
The so-called loonie advanced to 1.04 against the greenback on Thursday, as a report from Statistics Canada said the economy expanded more than expected in August, on record extraction of natural gas and oil.
It was not a surprise for markets that the Japanese central bank reiterated its pledge to continue its task of ending decades of deflation and weak growth by doubling the country's monetary base over a two-year period.
There are two remarkable facts about the U.K. now- rapid pace of growth and emerging housing bubble.
Jobless claims plunged for a third straight week, suggesting labour market is resilient to the recent government shutdown, even though, market reaction was very modest.
The Euro fell to the lowest level in nine days against the greenback on Thursday, hitting 1.361, after disappointing data from Europe, bolstering the case the recovery is still fragile and may easily be derailed by any internal or external factor.
Following Swiss National Bank's projections of a stronger growth in the coming months, the leading indicator from a research company KOF showed a sharp gain in index, supporting the case of acceleration of domestic economy.
Industrial output in the world's third largest economy advanced 1.5% in September, on the back of strong production of vehicles and electronic components, the Ministry of Economy, Trade and Industry reported.
The U.K. is currently leading the economic recovery in the whole Europe, as the nation's economy expanded at the fastest rate in over three years in the third quarter, due to the fact attractive funding conditions and a flurry of investment boosted business confidence.
A series of weaker-than-expected data from the United States continues, as private hiring slowed, while cost of living posted the smallest annual gain in five months.
Angela Merkel entered the second round of coalition talks with Social Democrats, as the main rival parties have their first agreements to form a government.
Bank of Canada Governor Stephen Poloz has become more concerned about higher risk of inflation persistently running well below the 2% target.
As it was promised, the world's third largest economy is starting to flourish amid government's growth policies, also known as Abenomics, aimed at boosting private consumption and investment that are finally starting to pay off.
Since the introduction of forward guidance by Mark Carney in August, the debates on when and how the central bank would adjust its policy when the goal is reached, have been on heating up.
A 16-day long government shutdown and political disputes in the world's largest economy are starting to show its real effect on the economy, leading to a large toll on consumers' and businesses' mood and willingness to increase spending.
After a promising deal in September to approve the European Central Bank as region's banking sector's supervisor, making a first step of a three-phase analysis of the institutions coming under ECB umbrella, concerns the plan will not be reached in time have occurred on Tuesday.
Australian currency reached the lowest level in two weeks against the greenback, hitting 0.95, while EUR/AUD soared to the highest since October 3 on RBA Governor Glenn Stevens' comments the Aussie would be significantly lower in the future.
The Japanese Yen plunged against all its major peers, after the BoJ Deputy Governor Kikuo Iwata once again reiterated central bank's pledge to unprecedented monetary policy.
Last week's report showed the strongest growth in over three years in the third quarter, expanding 0.8% between August and September, after a 0.7% expansion in the preceding quarter.
With U.S. Dollar slipping towards a nine-month low against a basket of major currencies on Monday and fluctuating around two-year low versus the single currency, the greenback is likely to remain under pressure on expectations the Federal Reserve will provide some dovish comments amid recent political disputes and 16-day long government shutdown.
While some analysts and politicians are already claiming the worst for Europe is over, this week's unemployment numbers may lay bare a fault line scarring the ongoing recovery as German labour market's solid performance contrasts with struggling Italian.
The New Zealand Dollar was the biggest looser last week, falling more than 2% against the major peers and posting the longest run of weekly declines against the Aussie in more than a year as the Reserve Bank of New Zealand signalled its hesitation to increase borrowing costs.
Amid signs of economic amelioration in the world's third largest economy and growing fiscal uncertainty in the United States, investors rushed to buy the Japanese Yen and sell the greenback.
As it was widely expected following a period of upbeat economic data from the U.K., a report from the Office for National Statistics showed the economy posted the strongest growth in over three years.