After a release of a better-than-expected GDP data from Australia, the Aussie soared 0.5% to 0.8995 against the U.S. Dollar, approaching an important resistance at 0.9000.
That was easy. The Bank of Canada was not facing a difficult choice on Wednesday and the decision to keep its monetary policy unchanged was widely expected by markets.
While both construction and manufacturing PMI sent mixed signals, they also gave a clear indication that the U.K. economic recovery remains on track.
This week's main highlight is the statistics from the U.S. labour market. A couple of months ago, ADP report, unemployment rate and NFP all had a significant impact on market's movement, however, now it seems to be subdued.
Shinzo Abe and Haruhiko Kuroda are doing whatever it takes to end decade of deflation in the world's third largest economy, but perhaps, the Eurozone will become another Japan?
The Australian Dollar made a U-turn against its U.S. counterpart following the Reserve Bank of Australia's meeting, where policymakers decided to keep its monetary policy on hold, reiterating its earlier pledge to keep rates on hold for a longer period of time.
Another signs that Shinzo Abe's inflation-promoting economic policies may be starting to feed through the labour market, lifting workers' wages.
As usually, during the first week of each month the U.K. is posting data from all key pillars of the economy, including manufacturing, services and construction activity indexes.
While markets are focusing on the unemployment rate and payrolls later this week, a new survey from the National Park Service showed an interesting fact that nobody was paying attention to.
Maintaining price stability in the Eurozone is one of the main priorities for the European Central Bank. While last week's CPI report eased some of the pressure on Mario Draghi
The AUD/USD currency pair moved higher this week, recovering from 0.8890 and moving above 0.8922 on the back of stronger-than-expected fundamental data from Australia.
The Bank of Japan once being confident in reaching the 2% inflation target within two years amid unprecedented stimulus measures, that are aimed at boosting growth and inflation, is now starting to sound less optimistic amid the upcoming tax hike in April.
A slowdown is over? Earlier this year the Bank of England predicted the economy will lose some of its value, as recovery is not yet sustained and figures can differ from month to month.
Fourth quarter's GDP report raised concerns about the chosen course by the Federal Reserve. Moreover, analysts have expressed their concerns that first quarter's growth can be even slower, just around 2%.
The most traded currency pair is likely to stay lower in the first half of the weak ahead of the ECB's meeting, while the U.S. currency found backing in its safe-haven appeal amid growing tensions in Ukraine.
Will EUR/USD be able to hold above 1.38, will Mark Carney persuade markets the BoE will hold rates unchanged for the foreseeable future, what will be Australian Q4 growth and what happened with the U.S. labour market in February?
The NZD/USD currency pair is approaching a strong resistance around 0.8431 that will put 0.8543 on the map, and strong fundamental data from New Zealand as well as uncertainty surrounding future prospects of the world's largest economy are pointing at further appreciation of the pair.
During the last couple of months the world's third largest economy was constantly posting disappointing fundamental data that raised concerns about economy's ability to withstand the upcoming tax hike in April.
Britain's housing market has been one of the main reasons behind the nation's rapid growth, as home prices have been rising steadily over the last months.
Not only bad weather but also overseas volatility and restrained consumers and companies demand are diminishing hopes for an early-2014 breakout in economic growth.
Persistently low inflation has been the main topic for discussion during the last several months. Inflation has become a benchmark for central bank's forward guidance, the same as unemployment rate did in the U.K.
What kind of a proof the Reserve Bank of New Zealand is looking for in order to claim the economy is on the track to prosperity?
Can a cap imposed by the Swiss National Bank of the domestic currency be the only panacea from all internal and external risks?
Will the course chosen by Mark Carney lead the U.K. economy to a balanced and stable growth or the introduction of his controversial forward guidance can become a massive drag on the economy?