The Bank of England is another institution, which offers no surprises for traders, as in order to avoid any turmoil in financial markets Mark Carney tries to stick to his adjusted forward guidance.
Japan and Europe are focusing on the inflation rate, the U.K. made a shift towards the remaining slack, stressing out the productivity and the wage growth.
Analysts are still trying to predict when Mario Draghi will pull the trigger; however, the recent reports can boost his confidence about the ongoing recovery in the bloc.
It was surprisingly how just after a couple of promising reports the Reserve Bank of Australia switched to a neutral or even slightly hawkish bias.
One of the key pillars of Shinzo Abe's Abenomics was a significant depreciation of the Japanese Yen, as, in theory, it should provide a substantial boost to the domestic exporters, hence, contributing to growth.
Britain's economy is now one of the fastest growing developed economies in the world. Earlier, it was believed that the growth is mostly led by a heating housing markets and a steep decline in the savings rate.
The latest fundamental data from the world's largest economy was mixed, as inflation and retail sales picked up more than expected, while figures from the labour market disappointed markets.
Amid a lack of fundamental data due to the Easter holidays, this week's main highlight for the Euro will be Mario Draghi's speech during the conference in Amsterdam.
The loonie has ended this week on a high note, as on Friday there is a bank holiday in Canada, therefore, markets will be driven by earlier events like the BoC meeting or the inflation data that came above market's estimates.
Can Japan's consumers cope with effects caused by the consumption tax hike made on April 1? This question has been torturing minds of analysts and policymakers for quite a long time already.
This week's extremely positive data from the U.K. labour market added more pressure on Mark Carney to start raising rates finally.
On Thursday, a weekly report from the U.S. Department of Labor confirmed that the latest weakness in the economy was only temporary and caused by harsh winter conditions.
The latest poll conducted by Reuters showed that Europe's largest economy will grow almost five times as fast this year as in the previous one.
The loonie has been steadily appreciating since March, adding pressure on the land of the maple leaf. The nation's policymakers are trying to talk down the currency without introducing any bold measures.
Haruhiko Kuroda affirmed his upbeat view on the world's third largest economy this week, even despite a recent appreciation in the Yen and a slump in Japanese stocks, stressing that growth will pick up around mid-year as the string of the latest tax hike will begin to fade.
It finally happened. The unemployment rate moved below the Bank of England earlier implemented threshold, while wage growth met inflation.
Even though a number of economic indicators points at further strengthening of the U.S. economy in the months to come, the head of the Federal Reserve, Janet Yellen, said on Wednesday that she saw interest rates staying very low until the recovery is on a firmer footing and the nation's economy fully employs available workforce and other resources.
It seems that investors neither paid attention to Fed's pledge to start raising interest rates next year nor they took seriously Mario Draghi's speech in Washington DC.
The New Zealand currency lost more than a half per cent against the U.S. Dollar on Wednesday as inflation report came weaker than expected.
"We are on track to achieve our 2 percent price-stability target, but only halfway" - Haruhiko Kuroda, BoJ Governor On Tuesday Japanese Prime Minister Shinzo Abe met central bank's governor during the lunch to discuss the current economic conditions in a calm manner, without adding any pressure. This event can be omitted and not mentioned in the fundamental analysis. However, Kuroda's surprising
The Sterling remained in the negative territory on Tuesday, after the disappointing CPI figures.
Finally, there is a pickup in the inflation rate. Weak inflationary pressure has been one of the main concerns for the Fed during the last months.
After a slew of disappointing data from Germany during the last several weeks, another report suggested that we can see more weakness in the foreseeable future.
The Australian Dollar traded slightly lower on Tuesday versus other major currencies, with AUD/USD sliding back to 0.9394 and EUR/AUD rising to 1.4719 after the release of the RBA minutes.