Even though demand for safe-haven assets, such as the Yen, was higher on Thursday, the USD/JPY still managed to recover from its intraday low and retake the 107.00 level.
With experiencing another decline on Thursday, the GBP/USD currency pair inched closer to the ascending channel's support line.
Gold continued scoring gains on Thursday, as the US Dollar lost its value.
After the Euro scored gains against the US Dollar and passed the 1.14 level on Wednesday, the pair retreated on Thursday and fell to 1.13.
The RBNZ surprised with its hawkish statement yesterday, as well as leaving the official cash rate unchanged at 2.25%, caused the New Zealand Dollar to advance against the US counterpart.
For the third consecutive day the US Dollar weakened against the Canadian currency yesterday, but as mentioned in the previous report, with the bearish momentum fading.
The Australian currency failed to undergo the expected correction, as the immediate support cluster caused the given pair to erase intraday losses and put the 55-day SMA to the test.
Wednesday ended with the EUR/JPY cross remaining almost completely flat, unable to pierce the monthly S1 to the downside.
The bullion passed the 1,260 price on Tuesday and did not give up its position, as it gained even more strength against the US Dollar on Wednesday.
As was anticipated, the USD/JPY currency pair failed to fall beyond the 38.20% Fibo yesterday, but closed still just under the 107.00 mark.
The British Pound traded in a rather tight range between the 1.45 and the 1.46 major levels on Wednesday, but with the bearish bias prevailing.
The Euro continued appreciating against the US Dollar on Wednesday, as the Greenback lost strength due to the fact that a Federal Reserve rate hike is becoming more and more unlikely.
Tuesday was a good day for the Kiwi/Dollar pair, as it reached the highest level in the past five weeks.
Even though the USD/CAD currency pair experienced another decline yesterday, the bearish momentum appears to be fading, as the movements kept getting smaller since Friday.
The Aussie succeeded in outperforming the US Dollar on Tuesday, piercing the immediate resistance cluster, but failing to put the 55-day SMA to the test.
The European single currency failed to post gains on Tuesday, as the exchange rate slipped back towards the 122.00 level and even crossed it.
The bullion broke the resistance put up by 55-day simple moving average at 1,244.60 and booked gains on Tuesday.
The USD/JPY pair was rather subdued on Tuesday, as it experienced only a slight downside reaction over the day, without reaching any significant technical level.
With another substantial jump, the Cable was able to retake the 1.45 major level yesterday and even climb over the tough resistance around 1.4535.
The European currency gained strength against the US Dollar on Tuesday, as it appreciated from 1.1355 to 1.1374.
The New Zealand Dollar was unable to post any gains against US Dollar at the beginning of the week, but, nonetheless, underwent the expected correction.
The USD/CAD was the worst-performing USD pair yesterday, as it plunged more than 130 pips, breaching two closest supports.
Despite an initial slump on Monday, the AUD/USD currency pair remained relatively unchanged over the day, unable to close below the immediate support cluster.
Even a weak reading of Germany Factory Orders yesterday was insufficient to halt the EUR/JPY's rally.