Following three days of up-trend for the Euro, the single European currency lost ground on Thursday and declined against all of other major currencies.
On Wednesday, the Euro jumped against all but one major currency on the foreign exchange, thus registering a general positive development for a third consecutive day.
For a second day in a row, the single currency succeeded in gaining value versus all its main counterparts.
In the beginning of this week, the single European currency rebounded against the majority its peers on the foreign exchange.
Last Friday, the Euro declined again versus the majority of other currencies, while the strongest decrease of 1.31% was registered by the most traded EUR/USD currency pair.
On Thursday, the Euro managed to recover some losses it accumulated during a couple of days before.
For a second consecutive day the Euro used to be the major under-performer among main currencies as it dropped against each of them.
The Euro dropped noticeably during trading on Tuesday as it posted a decline against all of its major peers across the board.
Volatility of the Euro used to be much smaller on Monday, compared to Friday of last week.
The shared currency posted a significant decline against all major currencies last Friday.
Despite the ECB meeting on Thursday which was supposed to provide the Euro some considerable bearish impetus, in reality the single currency has showed a mixed development during yesterday.
The Euro used to be a clear under-performer during trading on Wednesday as market is awaiting the upcoming meeting of the European Central Bank, where details on the QE programme should be announced.
On Tuesday, the shared European currency climbed only against the Swiss Franc, being that EUR/CHF pair gained 0.24%.
General trend of the Euro was strongly positive during trading in the beginning of the week, as the shared currency declined only against the American Dollar.
The single European currency traded mixed on the last working day of winter; however, it still declined against the majority of its counterparts.
Positive fundamental background failed to boost demand for the single European currency. The Euro turned out to be the worst performer on Feb 26, losing 1.43% of its value relative to the US Dollar and 1.16% relative to the Kiwi.
A lack of fundamentals did not benefit the common currency. The Euro underperformed most of its counterparts, giving up as much as 0.67% of its value relative to the Kiwi and 0.52% relative to the Aussie.
The single European currency finished Tuesday with mixed results, losing 0.62% and 0.32% against the Loonie and Aussie, respectively, but at the same time winning 0.50% against the Kiwi.
In the beginning of a new working week, the Euro succeeded in gaining value just versus two other major currencies on the foreign exchange.
On the last day of the previous week, the Euro traded mostly on the positive side, while gaining value against five major currencies and declining versus two of them.
During previous 24 hours, the Euro traded in a tight range versus the majority of other currencies on the foreign exchange, only excluding the Swiss Franc as EUR/CHF pair gained 0.52%.
Yesterday, the shared currency used to be an underperformer in the majority of all cases, even though movements of Euro crosses were not sharp in either direction.
The Euro posted a general positive development against its main counterparts on Tuesday.
In the beginning of this week, the shared currency was one of the major underperformers on the foreign exchange.