The European currency scored gains against all major currencies with the exception of one on Monday. The main reasons for such a day was probably the lack of major fundamental news.
The Euro continued making gains against the US Dollar last week and even went past the 1.14 mark. However, the currency exchange rate retreated in the last two days of the week.
The Euro was volatile during the first part of the week and held back against other currencies. However, the European currency suffered loses against all other major currencies on Thursday.
The Euro was volatile during the first part of the week against the US Dollar. However, it has not given up its gains and on the contrary the pair surged by 0.3% on Wednesday.
The Euro remained unchanged against the US Dollar in the first part of the week, as it was reluctant to give up gains booked after disappointing US non-farm employment data.
The Euro scored gains on Friday, as data from US made the European currency appreciate. US Non-Farm Employment data turned out a lot lower, than expected, which made the US Dollar lose value.
The Euro scored gains on Friday, as data from US and UK made the European currency appreciate. US Non-Farm Employment data turned out a lot lower, than expected, which made the US Dollar lose value. Mainly due to this data release the Euro appreciated 1.9% against the Greenback in Friday's trading session.
The Euro depreciated against all currencies except the Australian Dollar on Thursday, against which it remained almost unchanged.
The European currency booked gains against most major currencies on Wednesday after it had suffered losses at the start of day's trading session.
Contrary to this week's gains of the Euro, the currency did not manage to post solid gains against its counterparts on Tuesday.
Contrary to Friday's losses of the Euro, this currency managed to post solid gains against all majors but the Swiss Franc on Monday.
Markets were almost completely US-biased on Friday, while absence of European fundamentals dragged the single currency down against all of its counterparts.
The Euro grew against all currencies but two on Thursday of this week, while registering 0.03% and 0.04% mild losses in its currency pairs with the Japanese Yen and Australian Dollar.
European fundamental data, particularly from Germany, has been very positive on Wednesday.
US new home sales skyrocketed at the fastest monthly pace since August 2014, by surging 16.6% in April of this year.
Except for the Japanese Yen, the FX market has been relatively calm on the first day of this week. The most silent cross was EUR/USD, which lost just 0.04% despite a broad presence of speakers from the Federal Open Market Committee.
Largely positive statistics from the Euro area resulted in gains for the common currency on Friday of the previous week.
Five out of seven major currency pairs with the Euro were down on Thursday. Only EUR/CAD added 0.34%, while EUR/CHF appreciated by 0.17%.
The US Federal Reserve turned hawkish in its accounts of the April meeting. While some members of the FOMC committee are still worried about downside risks to the economy, the general view across the table suggests that the policymakers are getting ready to hike interest rates next month, if economic data continues to be solid.
Encouraging US consumer price figures prompted some weakness in terms of the Euro's value against the Greenback on Tuesday.
Potential intervention of the Bank of Japan has negatively weighed on the national currency of this country. Speculations sent the Yen down by 0.46% against the Euro.
While the Japanese Yen failed to sustain a rally against the US Dollar on Friday amid positive fundamentals from the world's largest economy, the Asian currency was up the most against the Euro.
Only two currency pairs of the Euro gained ground on Thursday, with EUR/AUD adding 0.25% and EUR/JPY increasing by ten basis points.
Despite growing commodity prices, only the New Zealand Dollar managed to increase in value on May 11 among all oil-dependent currencies, and even here an appreciation was caused by news outside of the commodity topic.