Greece– one of the main reasons for the most severe economic recession in Europe, is back now.
Australian labour market is this week's one of the main highlights, as policymakers have claimed the labour market is one the biggest headaches, hence, any improvement or deterioration will have a strong impact on the Aussie.
Japanese central bank, which is projected to keep the pace of annual stimulus injections at 60-70 trillion yen in order to double the monetary base and weaken the Yen, is likely to announce another bold measure soon.
On Monday the cable was almost unchanged in quiet session and a lack of fundamental data from the U.K.
Federal Reserve Bank of St. Louis President James Bullard expressed his concerns on Monday about low inflation in the U.S., but indicated that easy-money policies of the central bank have been effective to prop up growth in the world's number one economy.
Last week Mario Draghi took no decisive action, neither to lower the main refinancing rate nor launch ECB's own U.S.-style quantitative easing programme.
Canada GDP, RBA's rate decision and a slew of fundamental data from the United States and Europe pushed markets last week.
The Aussie has been appreciating against the greenback since the beginning of February, with the pair moving back into the "uncomfortably high" level.
Back into April 2013, during the first meeting as the Governor of the Bank of Japan Haruhiko Kuroda launched an unprecedented stimulus programme in order to boost growth and inflation.
Britain's house property declined for the first time in three months in March, while the general trend is still strongly bullish.
It seems that American labour market is shrugging off the negative effect from the severe winter, as companies picked up in hiring, while overall unemployment rate still refuses to inch lower.
It seems that even German economy is losing momentum, as a slew of disappointing fundamental data continued on Friday, with a report from the Destatis showing the number of new factory orders barely advanced in February.
The Australian currency lost around 0.3% on Thursday versus the greenback, as effect of the disappointing retail sales outweigh strong trade surplus.
First quarter's growth will be unveiled only on May, more than a month to go; however, economists already start making projections, adding more pressure on the central bank.
Britain should prepare for a weak first quarter's growth, as data from all key sectors disappointed in March, even though activity indices remained strongly above 50 threshold.
Janet Yellen's announcement of the upcoming rate hike and terrible fundamental data from Europe, all were suggesting the rally in EUR/USD that started in July is finally running out of steam.
Inflation at a four-year low, almost record-high unemployment, strong Euro and sluggish growth– it seems that it is not enough for Mario Draghi to add fresh stimulus in the struggling economy.
The decision to keep interest rates on hold provided another strong boost to the Aussie, sending the AUD/USD pair above 0.93 for the first time in four months.
On Wednesday following the Asian trading session the Japanese Yen lost 0.21% against the U.S. Dollar, with the pair trading around 103.85.
The Sterling was still trading in a narrow range against the U.S. Dollar, still holding modest gains following a release of the nation's construction PMI.
Earlier we have compared the world's largest economy with a patient in the hospital, who is struggling to cure. Moreover, a disease can progress and effects will be almost inevitable.
It is all about inflation in the 18-nation bloc now. It always was. While the IMF and economists see around a 20-30% deflation risk in the bloc, Mario Draghi see deflation risks abating in the coming months. At the same time, some claim consumer prices will pick up to 0.9% in April.
As it was widely expected the Reserve Bank of Australia decided to keep its key refinancing rate at 2.5%, keeping it there for the eight consecutive month already.
Sentiment among Japanese manufacturers soared to its highest level since 2007 in the first quarter of this year, suggesting companies feel confident about the economy due to all efforts from the government, a survey from the Bank of Japan showed.