The Australian Dollar eased back from this year's high against the U.S. Dollar, as bulls are facing strong resistance around 0.9150 and without a strong bullish bias, further appreciation is unlikely, especially keeping in mind comments from the Fed.
The New Zealand Dollar continued its appreciation against other major currencies, as brighter economic outlook outweighed gloomy news from Chinese and U.S. manufacturing sectors.
Surprisingly how fast inflation in the U.K. moved back into a worrying territory, falling below the healthy 2% level.
When Bernanke was in position of the Fed's Chairman he cited two sectors of the economy as the main drivers behind economic growth—the labour and property markets.
Here we go. Finally, Ukraine crisis and the latest geopolitical tensions are starting to fee through the European economies.
The Australian Dollar is moving back into "uncomfortable" level against the U.S. Dollar, with the pair climbing to 0.91. The Aussie is strengthening helped by some certainty over the local interest rate outlook and overall economic forecast.
The Japanese Yen continued its depreciation against other major currencies on Monday as the International Monetary Fund claimed the global economy is improving, damping demand for safe haven currencies.
During the last policy meeting, the Bank of England's Monetary Policy Committee's members were unanimous in voting in favour of keeping both interest rates and the stimulus programme unchanged.
In case the Federal Reserve wants to start raising interest rates in the first half of 2015, it needs a clear indication the world's largest economy is on the path of recovery, and growth will be stable around 2.5%-3%.
Janet Yellen's comments were supposed to provide a long-term bullish bias for the U.S. Dollar, hence, send the most traded currency pair at least to 1.36 level.
The Aussie and kiwi will most likely be driven by the Federal Reserve's interest-rate guidance.
The Canadian Dollar was the worst-performing major currency during the last week.
Britain's budget deficit increased more than initially was expected in February on the back of higher government spending, that accelerated at the fastest pace in almost a year.
Dukascopy traders were holding short positions on the EUR/USD pair during the last several months. The pair, however, managed to climb almost to 1.40 level.
After European Union leaders gathered in Brussels to discuss a response to the Crimean crisis, they decided to impose sanctions on another 12 individuals, thus bringing the blacklist to total of 33 officials.
The NZD/USD currency pair was dragged lower on Thursday, as the tapering of the U.S. stimulus programme and hints of a 2015 rate hike provided a significant boost to the U.S. Dollar.
Inflation outlook is under a threat. This can be noticed when having a look at the latest fundamental data from the world's third largest economy.
The cable was set to become one of the top performers this year, the same as NZD/USD or USD/JPY.
The number of initial jobless claims rose by 5,000 to 320,000 last week, surprising markets to the upside, as consensus forecast stood for 322,000.
The European Central Bank does not have any good choices. Inflation in the 18-nation bloc eased back to 0.8% in February and unemployment rate in most countries still at record high, suggesting the region is far away from a stable recovery.
New Zealand currency is poised to approach a record high set in August 2011 even despite retreating amid profit taking and with some investors considering earlier gains excessive.
The world's third largest economy posted its 20th straight monthly trade gap, while the figure came significantly better than it was a month earlier, suggesting revised exports outlook can be too pessimistic.
The GBP/USD currency pair rebounded from a key support on Wednesday, on the back of stronger than excepted data from the U.K. labour market that reinforced a view the central bank will have to revise its monetary policy soon.
In Janet Yellen's first FOMC meeting as the head of the U.S. central bank, she announced a third $10 billion cut to QE, reducing Fed's monthly bond purchases to $55 billion, which was widely expected by analysts.