Weakness in the commodities sector pushed Australian, New Zealand and Canadian dollars to the downside against the Euro on Monday, the first working day of 2016.
During the New Year's holiday the US Dollar appreciated against most major peers, with exception against the Yen and the Aussie.
Over the New Year's weekend the British currency declined against most major peers, with exception against the Swiss Franc and the Euro.
Geopolitical tensions in the Middle East region paved the way for a rally among different commodities including precious metals and oil. The latter skyrocketed by more than 3% for Crude, while Brent added almost 5% on Thursday and during the early Monday trading.
The Euro bounced back against the Swiss Franc on Thursday of the last week, but at the same time it failed to continue growing with respect to other G10 currencies.
Although the US Dollar appreciated against most major peers, losses were still detected against the others.
The Sterling experienced mixed performance on Wednesday, as it appreciated against some major peers and declined against the others.
Natural gas has partly erased strong gains from the several previous trading sessions, even despite positive weather forecasts which suggest that colder temperatures are coming to the US. Market concerns are again building around oversupply and weak demand next year.
The common currency traded mainly in green on Wednesday; however, tumbling volumes of trading led to little changes for any of the components.
Despite rather strong US fundamentals on Tuesday, the Buck failed to appreciate against some major peers.
The British currency's performance on Tuesday was rather grim, as it mostly declined against other major peers.
Natural gas continued to be the leader in terms of daily price gains. It surged further by 5% on Tuesday and by 35% over the past seven trading sessions.
The Euro was reversing earlier gains during the whole trading session on Tuesday. The sharpest losses were registered against all commodity-related currencies including the Aussie, Loonie and Kiwi.
The Greenback experienced mixed performance at the beginning of the week, as it appreciated against some major peers, but declined against the others.
The Sterling's performance somewhat improved, as it posted rather solid gains against some commodity currencies and the Swiss Franc.
Gold prices have copied Crude and Brent oil at the very beginning of this working week. Broad weakness is dominating the commodity complex at the moment, and a similar situation is estimated to be in place for most of next year.
Monday was a rare day of the year when completely no fundamentals were published in all G8 countries except Japan. There were Bank Holidays in Britain, Canada, Australia and New Zealand, as they followed a long Christmas weekend.
The US Dollar suffered moderate losses against most major currencies during Christmas holidays.
Over the Christmas holiday the Sterling declined against most major peers, with exception against the US Dollar and the Loonie.
Commodities strengthened in course of Thursday, a last trading day of the previous week. Natural gas surged by 2.3% during the session, following encouraging US stockpiles report.
The Euro finished its pre-Christmas trading in a mild positive trend versus other G10 currencies. Though, some components registered only a marginal increase of three, four or five basis points.
In the wake of mixed US economic data results on Wednesday, the US Dollar experienced mixed performance.
The British currency appreciated against most major peers on Wednesday, amid the gap between imported and exported goods and services being narrower.
The majority of commodities posted a healthy rally on Wednesday of this week. Probably, the most watched and interesting component was oil in the past 24 hours.