The cable is still moving in a long downside trend that started on January 29.
A government shutdown? Last-minute budget deal? Everyone though that the world's largest economy has gone through all its political disputes, and the fact politicians managed to approve this year's budget was suggesting the economy will prosper this year.
Four year have passed since the time Greece was on the brink of sovereign default that could possibly bring the single currency bloc to its knees. Today's major headache is represented by persistently low inflation.
The resource-rich economy is stuck in the transition phase, as investment in the key mining sector begin to wane and during the period of prosperity the government was not able to seize the opportunity of economic expansion, and the economy is struggling to grow.
The SNB should start keeping an eye on the EUR/CHF more carefully, as after hitting a high of 1.2394 on January 8, the pair began its downside movement to 1.2200 level.
It seems that Mark Carney's forecasts are working very well, taking into account the fact he predicted a slight deceleration of economic growth in the coming months, even despite the fact the economy is building up steam in general.
Manufacturing activity in the world's biggest economy rose at a substantially slower pace than expected in January, as new orders growth declined by the most in 33 years, pushing the overall factory activity to the lowest level in eight months, according to data released by the Institute for Supply Management.
The single currency fell to the lowest level since November 22 this weak, following the disappointing inflation report on Friday, amid concerns that constantly weakening inflationary pressure in the 18-nation bloc will prompt European policymakers to ease monetary policy further.
It seems that amid the upcoming interest rate hike the RBNZ tries to push the kiwi as low as they can in order not to cause market turmoil, when interest rates will be actually increased.
Dukascopy traders are selling the Japanese Yen in 55% of the time, suggesting they expect it to depreciate.
Another portion of positive data from the U.K., and it seems we need to get used to it already, as British economy is only expected to gain momentum in the coming months, bolstering the case of the upcoming interest rate hike.
On Friday Ben Bernanke rode off into the sunset, however, his legacy will still be up in the air for the foreseeable future.
The 18-nation economy is sending mixed signals, making it more difficult for Mario Draghi to assess the condition of the economy and take any decision regarding the ECB monetary policy.
The first week of the month always represents a great opportunity for traders, who use fundamental analysis to predict possible currencies' fluctuations.
The kiwi was poised to rocket after the RBNZ meeting, where policymaker were expected not to raise interest rates, but at least provide some hawkish comments.
The world's third largest economy is expected to gain momentum ahead of the upcoming tax hike that can dampen all the efforts by Shinzo Abe and Haruhiko Kuroda.
Amid heating debates over Scotland's independence the BoE Governor Mark Carney has made a first visit to the north of the borders since taking office in July.
Thursday's GDP and jobless claims reports were projected to have a modest impact on market's movement, even despite the fact that they give an insight on what is happening with the key labour market and at what pace the economy is developing.
It was expected that the weaker-than-expected German inflation data would have significant bearish impact on the Euro, as weak inflationary pressure will put pressure on the central bank to boost growth.
A note of caution for Japanese policymakers came out on Wednesday, as Japanese Prime Minister Shinzo Abe refused to grant the central bank a total independence.
The U.S. Dollar– Swiss Franc cross has been in ascent thus far this week, bouncing back from this month's low of 0.8901.
Britain's housing market can become a serious headache for the government this year, as even despite recent pledges to address constantly rising property prices, values soared again in January, fuelled by the return of first-time buyers.
As it was widely expected the Federal Open Market Committee decided to cut the size of its monthly asset-purchases to $65 billion and left the forward guidance unchanged.
A couple of weeks earlier we wrote the ECB will have to act soon amid falling central bank's excess liquidity that pushed the Euribor rate to the highest since August 2012.