The Sterling experienced mixed performance on Wednesday, as it appreciated against the Loonie and the Greenback, but declined against other major peers.
Precious metals were the biggest gainers from quite dovish Fed meeting minutes released yesterday evening, as silver and gold advanced 2.9% and 1.4%, respectively.
The common European currency remained buoyant on Wednesday, as markets preferred the Euro to the US Dollar amid disappointing fundamentals from the world's biggest economy. Inflation gauge in the US rose less than estimated in July, while Fed meeting minutes showed the FOMC wants to concentrate more on consumer price developments before hiking interest rates. EUR/USD has therefore climbed 0.8%,
The US Dollar experienced mixed performance over Tuesday, due to poor US Building Permits data.
The British currency appreciated against most major peers on Tuesday, after the inflation data beat expectations.
Crude climbed 1.3% on Tuesday in anticipation of another weekly report on US stockpiles, which are estimated to drop further. On the other hand, Brent was kept under pressure with a 0.12% loss on a daily basis.
Despite important news announced by the Reserve Bank of Australia in its meeting minutes on Tuesday, the EUR/AUD cross experienced literally no change in value on the basis of one trading session, even though the Aussie was losing value initially.
The US Dollar experienced mixed performance over the day, amid mixed fundamental data on Monday.
The Sterling declined against most major peers yesterday, amid the looming inflation report today.
Precious metals, which include silver and gold, traded on a positive territory yesterday. Their gains were extended up to 0.6% on a daily basis, while the majority of other commodities fell in value. Among them, oil was trading down 0.1-0.5%, as the downward pressure keeps to be created by rising global stockpiles amid Iran returning to the market.
The Kiwi Dollar appreciated noticeably against the majority of other currencies including the Euro on Monday, while Russia lifted a ban on milk imports from New Zealand. Therefore, EUR/NZD observed a drop of 0.7% yesterday
The British Pound appreciated against most major peers last Friday.
The Greenback experienced mixed performance over Friday and the weekend, as the US PPI showed improvement, while the Preliminary UoM Consumer Sentiment worsened.
Commodities traded lower on Friday, as Brent oil crashed 1.8% to fall below the level of $49 per barrel. On the contrary, Crude managed to hold marginally above 0%, while in terms of price it stood around $41. The same situation was observed with precious metals, as gold was unchanged during the last day of the previous week, while silver
The common European currency fell against all of its major peers on Friday of the last week. Among currency pairs, EUR/GBP was hit be bearish pressure the most, as it slid as much as 0.8%. EUR/JPY and EUR/USD followed with losses of around 0.6%. The main catalyst for negative development of the Euro was European GDP statistics, as Germany, France
The US Dollar regained some bullish momentum after the ‘currency war' anxiety was dropped by the PBoC .
The Sterling appreciated against most major peers on Thursday, but remained unchanged against the others as well.
Precious metals dropped more than 0.8% yesterday, as market volatility decreased after China's recent intervention in the currency market, while gold and silver are now focusing back on core fundamentals.
EUR/NZD surged 0.9% on Thursday, as retail sales in New Zealand grew considerably less than expected in the second quarter by just 0.1% on both headline and core basis.
The US Dollar declined dramatically against most major peers, as the rate hike decision was most likely delayed yesterday.
Poor UK Average Earnings Index caused the Sterling to decline against most major peers yesterday.
Both gold and silver were beneficiaries from decisions made by the People's Bank of China in recent days. They were up 1.4% on Wednesday, as devalued Yuan may increase volatility on the markets and create uncertainty over the world economic outlook.
The American Dollar depreciated more than 1% against the Euro on Thursday, as several decisions of the People's Bank of China to devalue the Yuan are raising bets the Federal Reserve will abstain from hiking interest rates next month.
The US Dollar appreciated against most major peers, especially against Asian currencies after the PBoC devalued the Yuan.