The Sterling skyrocketed against the US Dollar on Monday, amid the market turmoil and the Fed's September rate hike being postponed.
Yesterday's panic, which was caused by fears that the crash of Chinese stock market may hammer global economic recovery, made the Euro a safe-haven currency against the Dollar.
The New Zealand Dollar appreciated against the Greenback for the fifth day in a row last Friday.
On Friday, the Greenback refused to drop below the six-year high mark again.
The Australian Dollar declined 23 pips against the US Dollar on Friday, while suffering even more losses over the weekend.
Upon reaching the monthly R1 on Friday, the Euro managed to regain the bullish momentum and outperform the Japanese Yen.
Uplifted volatility of gold prices failed to push the bullion in any direction on Friday, as it stood broadly flat below 100-day SMA at 1,159.
The US Dollar suffered heavy losses on Friday, not only breaking through the strong support cluster, but also breaking through the third one at 122.19 and under 122.00 major level.
The Cable's volatility to the upside was limited by the Bollinger band and weekly R1 last Friday, ultimately nullifying the rally.
EUR/USD climbed from 1.1020 to 1.15 in just slightly more than three trading days, reflecting Fed dovishness and dropping equity markets worldwide.
The Kiwi extended its gains against the Greenback yesterday, crossing the 0.66 major level.
The US Dollar weakened against the Loonie yesterday, as hopes of the Fed raising interest rates as early as September were dampened.
The Aussie edged lower yesterday, breaching the immediate support cluster around 0.7345.
The EUR/JPY cross overperformed on Thursday, as the monthly R1 failed to prevent the rally.
Gold soared to its highest level in five weeks, as Fed minutes forced the Dollar to collapse and restored the metal's safe-haven status.
The Greenback sustained serious losses after concerns about the Fed raising interest rates grew.
Even though the Cable experienced substantial volatility to the downside, the pair managed to regain the bullish momentum after reaching the support cluster around 1.56.
Bearish US Dollar sentiment after dovish FOMC meeting minutes continued have strong impact on the EUR/USD currency pair on Thursday and in the early trading on Friday.
Even though the 0.66 major level kept the NZD/USD from advancing, the pair still managed to edge closer to it, rather than falling down.
In spite of the dovish Meeting Minutes, the US Dollar still managed to surge against the Loonie.
The Australian Dollar outperformed its US counterpart, after the September interest rate hike became unviable.
The European currency managed to rebound yesterday; however, the weekly PP failed to limit the Euro's gains.
Disappointing news surrounding US inflation and Fed meeting minutes provided the bullion with fresh growth momentum.
The USD/JPY currency pair reached the tough support cluster at 123.65, which pushed the Greenback slightly back up.