The Sterling sustained rather heavy losses against commodity currencies and other major peers.
Gold demand continued to weaken on Wednesday as the price tanked amid fears the Fed will eventually raise interest rates by the end of this year. The similar scenario was observed with silver prices, which slid 0.85% after gold's retreat of 1.1%. Meanwhile, oil traders were confused amid mixed reports on stockpiles and production. The fossil fuel traded sideways as
The Euro was a top market loser yesterday, while it plummeted to most against commodity currencies including the Kiwi, Loonie and Aussie. These currency pairs fell more than 1% amid risk-seeking sentiment returning to the market on the back of stabilising oil prices. At the same time, other crosses of the common European currency were down in the range of
The US Dollar experienced mixed performance on Tuesday, as it appreciated against some major peers and declined against the others.
The British Pound suffered losses against most major peers, with exception against the Loonie.
Changes in prices of commodities were quite strong on Tuesday, compared with insignificant currency fluctuations. The biggest loser of the day was natural gas, which fell 3.15% after a sharp surge in the preceding day. On the other hand, oil rallied almost 2% in the past 24 hours ahead of US inventory data on Wednesday.
Changes of the Euro against other major currencies did not exceed 0.23% on Tuesday as markets remained broadly calm during the whole trading session amid lack of economic news. A 0.23% rise was posted versus the Canadian Dollar, while the same pace of decline was showed by the EUR/NZD currency pair.
Commodity currencies suffered losses, allowing the US Dollar to appreciate 0.89%, 0.53% and 0.45% versus the Kiwi, the Aussie and the Loonie, respectively.
The Sterling experienced mixed performance on Monday, as it appreciated against some major currencies and declined against the others.
Commodities were predominantly trading to the south on the first day of this week as only natural gas remained in green with a 1.5% positive change in value. Precious metals including gold and silver were down by 1.24% and 3.39%, respectively, as several members of the Fed's Federal Open Market Committee underlined that they want a Fed Funds rate increase
Euro-positive sentiment was spread all across the market on Monday as the 19-nation currency surged against all currencies excluding the safe-haven Japanese Yen (-0.14%) and Swiss Franc (-0.12%). The daily winner was the EUR/NZD cross, which climbed by 1.33% and recovered Friday's losses.
The US Dollar appreciated against most major peers, amid a better-than-expected US Final GDP reading.
On Friday and over the weekend the British currency declined against most major peers, with exception against the Yen and the Swissie.
All commodities excluding precious metals and natural gas were trading in green last Friday. Among positive performers, corn surged by almost two full percentage points, while oil prices rebounded in the range between 0.9% and 1.8%. As a result of that, the benchmark S&P GSCI Index has also picked up by 1% before the weekend.
The Euro traded mainly to the south versus other major currencies, while any rising currency pairs failed to extend gains beyond 0.2%. Among them, EUR/GBP and EUR/JPY were up by 0.17% and 0.14%, respectively, while EUR/CHF added just 0.07%.
The Greenback sustained losses against most major currencies, amid poor Core Durable Goods Orders data results.
Thursday was a rather poor day for the Sterling, as it declined against most major peers.
Risk aversion made precious metals the best performing commodities on Friday as both silver and gold climbed more than 2% on day-to-day basis. With uncertainty over global financial markets remaining in place, investors are preferring safe-haven assets including precious metals, Swiss Franc and Japanese Yen.
The Euro spent Thursday by trading mainly to the upside versus other major currencies. However, the strongest performing currency was the New Zealand Dollar yesterday, and the Euro saw a 0.91% against it. Despite widening trade deficit in New Zealand, the country's milk producers raised pay-out projections for the 2015-16 season, which used to be the main trigger for the
The US Dollar advanced against other major currencies, with exception against the Euro, against which it lost 0.59%.
The Sterling remained under pressure for another day, declining against most major peers.
Commodities were divided equally in terms of the number of gainers and losers on Wednesday. On the green side, corn posted a rise of 0.7%. Alongside, both precious metals performed positively during the trading session as gold and silver were up 0.5% and 0.1%, correspondingly.
On Wednesday the Euro skyrocketed versus all major currencies after three days of losses or sluggish growth. Positive changes were in place due to comments from the ECB President Mario Draghi. Analysts suggest he used less dovish language when testifying in the European Parliament yesterday.
The Buck managed to appreciate against most major peers, with exception against the Yen.