What are the most important data affecting the movement of currencies this week
The US dollar
The dollar is struggling to regain its losses after last week's sell-off on the back of weak US retail sales data released on Friday and as investors welcomed the delay in the implementation of Donald Trump's reciprocal tariffs.
Also with the talks aimed at ending the Russian-Ukrainian conflict that will begin in Saudi Arabia this week, although the participants are not entirely clear.
It is worth mentioning that we will have this week, specifically next Wednesday, the minutes of the US Federal Reserve meeting.
Japanese yen
The yen rose after the better-than-expected GDP data for the fourth quarter, which strengthened the case for an interest rate hike by the Bank of Japan this year.
Traders are now pricing in almost another 35 basis points of interest rate hikes until the end of the current year.
Australian dollar
The Australian currency rose slightly today, ahead of the interest rate decision from the Reserve Bank of Australia, which will be released at dawn tomorrow, Tuesday.
The Reserve Bank of Australia is expected to make a quarter-point cut, marking its first cut in more than four years as it joins other major central banks in their easing cycles.
New Zealand dollar
New Zealand currencies remain stable ahead of the policy decision from the Reserve Bank of New Zealand next Wednesday, as expectations indicate that the bank will cut New Zealand interest rates by 50 basis points.
