On Friday the US Durable and Core Durable Goods Orders were released, both failing to meet expectations. The Durable Goods Orders dropped 2.2% in May, while the forecast stood at a 0.5% decline. At the same time, the April's reading was revised down from 3.4% to 3.3%, contributing to the negative effect the actual weak reading had.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The news that citizens of the United Kingdom are willing to leave the European Union did not bode well for the Euro - the difference between the highest and lowest price today amounted to minus 4.5%.
The number of people applying first-time unemployment benefits in the US fell from 277,000 to 259,000, gradually beating the 277,000 forecast, as reported by the Department of Labor.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
At its highest point gold was 8.2% more expensive today than the yesterday's close.
Demand for safer assets appears to be building up, as during the last nine hours the precious metal has already negated yesterday's 0.5% decline.
On the second day of the Federal Reserve Governor's testimony on Wednesday, Janet Yellen stated that a number of risks for the US economy is still present, thus, the Fed is taking a cautious approach to the monetary policy and the interest rate hike this year in general.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The Euro is currently extending its yesterday's 0.7% against the US Dollar, even though the data that is currently coming out is mixed.
The American Dollar managed to post gains across the board, with the only exception being the NZD/USD currency pair yesterday.
The Sterling's bullish momentum was mostly reversed on Tuesday, with the UK currency sustaining losses against most major peers.
After the major surge of commodities on Monday morning, the resources started to lose value, and most of them continue the trend on Wednesday.
The Euro fell against almost every of the major currencies on Tuesday, as it managed to book 0.2% gains against the Japanese Yen and depreciated against all other majors.
The US Dollar's performance were rather mild, but with the currency still declining against most of other major peers.
After the major surge of commodities on Monday, some commodities fell on Tuesday, and gold is among those few, which lost value.
Optimism in UK's citizens voting for the Kingdom to remain in the EU caused the British currency to strengthen against all other major currencies for another day.
The European currency showed various results on Monday. However, the Euro did not book big gains against any of the other major currencies, as it surged against the Swiss Franc by 0.5%, 0.3% against the US Dollar and 0.1% against the Japanese Yen.
The Greenback sustained rather serious losses last Friday and over the weekend, with the largest decline registered against the British Pound.
With the ‘Bremain' polls taking the lead, the British Pound managed to outperform all other major currencies on Friday and over the weekend.
All major commodities surged on Friday, as every commodity gained at least 1.6%. However, Gold was the worst performer among them.
The European currency showed various results on Friday, as the fluctuations vary from decent gains to losses. First of all, with the looming Brexit vote on June 23 the Euro depreciated 0.6% against the Pound on Friday.
The US Dollar's performance was equal to the Sterling's, as the Buck outperformed some major currencies, but also declined against the others.
The British Pound managed to post gains against most major peers, with exception against the Yen.