Not enough with the 'storm' that stormed the market last week, investors now need to prepare for the 'tsunami' of policy meeting results from the four main central banks this week.
Thursday, will be an important day that will shake the market with policy meetings of the FOMC, Bank of Japan (BOJ), England (BOE) and Swiss National Bank (SNB).
Examining currency movements at the beginning of the week, it can be seen that the US dollar remains traded stronger against major currencies despite slightly declining from the highs it reached last week.
Investors continue to hold onto optimism to see another 75 basis point increase this week with a slight possibility of a 100 basis point increase also becoming market expectations.
Meanwhile, the yen traded flat at around 24-year lows as investors awaited fresh signals ahead of the BOJ meeting for any intervention from the authorities.
The pound continued to weaken around the latest 37-year low it touched on Friday despite expectations that the BOE will continue to hike by 50 basis points at this week's meeting.
Turning to the flat traded Swiss franc, the SNB is expected to raise rates by 75 basis points which will bring its interest rate positive for the first time in over 10 years.
Meanwhile, the euro is trading at around parity, struggling to keep prices from falling lower with the release of European manufacturing and services PMI data now the focus of the market.
Commodity currencies, the Aussie, New Zealand and Canadian dollars each traded little changed at two-year lows against the US dollar.
