The Sterling experienced mixed performance over Friday and the weekend, appreciating against some major peers and declining against the others.
The only positive performer on Friday of the previous week was corn, which added 0.2%. On the negative side, gold and silver lost 0.5% and 0.7%, respectively, as risks decreased amid positive US labour market fundamentals. In the meantime, oil dropped more than 2% again, with Crude falling 2.4% to $46 per barrel and Brent declining 2.8% below the $50
Both Kiwi and Aussie sank against the Euro on Friday, as these currencies also took a hit versus the US Dollar amid labour market data from the world's biggest economy, which showed the country's jobless rate falling to pre-crisis levels.
The Greenback experienced mixed performance over Thursday, declining against some major peers and appreciating against the others.
The British Pound suffered losses against most major peers, amid poor Services PMI data yesterday.
Gold was down 0.65% yesterday, while declining along with corn, which in turn lost 1.5%. On the other hand, fossil fuels have mostly advanced on Thursday, with natural gas leading gains at 2.8%. Oil prices grew in the range between 0.4% and 1.2% as risk appetite rose among investors after the European Central Bank confirmed it is ready to add
Euro traded firmly in red on Thursday, amid somewhat dovish comments from the ECB president Mario Draghi as the regulator decided to downgrade both growth and inflation forecasts. Among the main losers, EUR/CAD and EUR/NZD slid 1.35% and 1.14%, respectively, as oil rising prices helped the Canadian and New Zealand dollars to recover. All in all, major crosses of the
The US Dollar increased against most major peers on Wednesday, despite rather poor ADP data.
The Sterling experienced mixed performance over Wednesday, but mostly remaining strong against other major currencies.
Oil posted gains after yesterday, with Crude adding 4.97% and Brent rising 4.07%, amid an increases in U.S. stockpiles last week and the first OPEC supply decline in a while.
The European currency sustained rather serious losses on Wednesday, declining against most major peers, with exception against the Swissie and the Yen.
The US Dollar experienced mixed performance over the Tuesday, appreciating against some major peers and suffering losses against the others.
The British currency declined against most major peers on Tuesday, amid poor Manufacturing PMI data.
After a three-day long streak of gains, oil fell under substantial selling pressure on Tuesday as investors are worried about China dragging global economic growth down. Yesterday morning the data showed manufacturing activity in China falling into contraction area. As a result, Brent slipped 8.2% and bounced back from $54 to under $49 per barrel, while Crude lost 7.5% in
Australian Dollar took a major hit on Tuesday, by declining more than 2% against the Euro. The Reserve Bank of Australia kept the monetary policy stance unchanged, but Chinese slowdown is pushing forward the idea of further monetary weakening in the nearest future.
The US Dollar appreciated against some major peers, but also sustained minor losses against the others.
The Sterling declined against most major peers amid concerns that the BoE is not going to raise rates before the New Year.
Commodities had a bullish trading day in the beginning of this week, but an increase of many components was definitely overshadowed by oil prices, which continued to move upwards on Monday. Both Brent and Crude added 6.9% and 6.3%, respectively. The London-traded Brent jumped above $54 per barrel, the highest level since Jul 24. Meanwhile, any other commodity failed to
The Kiwi tumbled against the Euro on Monday, amid a worse than expected ANZ business confidence indicator from New Zealand, which dropped to the six-year low. This fact adds to speculation the Reserve Bank of New Zealand will be forced to soften monetary policy further. In the meantime, EUR/CAD was down 0.6%, as the commodity-linked Canadian Dollar managed to strengthen
The British Pound appreciated against most major peers over Friday and the weekend, with exception against the Swiss Franc.
The Greenback sustained minor relatively minor losses over the weekend, while appreciating against most major peers.
Gold advanced by 0.5% last Friday, but a weekly loss of more than 2% was inevitable as US Dollar strengthened due to positive fundamentals from America. In the meantime, oil continued to surge for a second consecutive day throughout the last trading day of the previous week. Brent climbed 4.5% to trade slightly above $50 per barrel, while Crude jumped
Euro ended the previous trading week in a mixed environment, while the whole week was quite positive for the common currency. Market volatility waned by Friday, with both equity and foreign exchange markets showing little price changes. Therefore, the strongest growth of the Euro amounted to just 0.23% against the Australian Dollar, while EUR/CHF slumped the most by 0.72%.
The US Dollar not only appreciated against some major peers, but declined against the others, despite strong GDP results.