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 Greenback weakened across the board on Tuesday, sustaining rather drastic losses against most major peers.
The British currency managed to post rather significant gains on Tuesday, having declined notable only against the Aussie.
Yellen's speech on Monday was more hawkish than anticipated, which led to USD strength against most of other major currencies.
The Sterling continued to decline against most major currencies this week, as on Monday it managed to outperform only one other currency, namely the Yen.
As the US Dollar fell on US Non-Farm Payrolls change data disappointment, gold surged regaining losses and reaching the 1,241 mark.
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.
As the US Dollar fell on US Non-Farm Payrolls change data disappointment, gold surged regaining losses and reaching the 1,241 mark.
On Friday and over the weekend the British currency weakened across the board, with the only exception being the Cable.
In the wake of devastating NFP results on Friday, the US Dollar sustained serious losses across the board even during the weekend.
Even though initially the yellow metal gained strength yesterday, it lost momentum and fell afterwards.
The Euro depreciated against all currencies except the Australian Dollar on Thursday, against which it remained almost unchanged.
The US Dollar was the next best performing currency after the British Pound yesterday.
While previously we saw the Pound losing amid the positive fundamentals, yesterday the currency was mostly bullish, even though the main release disappointed.
Gold seems to have fully rebounded and not just fluctuated, as the yellow metal suffered from some sell offs that started in the middle of Wednesday's trading session when the bullion was at $1,218.45, but regained losses after a while and reached the $1,215.77 mark.
The European currency booked gains against most major currencies on Wednesday after it had suffered losses at the start of day's trading session.
Yesterday's data failed to reverse the sell-off we have been observing since Tuesday.
Regardless of the positive UK fundamentals released yesterday, the Sterling keeps ceding ground against the background of rising support of 'Brexit' among UK citizens.
The final day of May surprised traders with the bullion rising after nine-day losses that began after expectations for a Federal Reserve interest rate hike skyrocketed amid the latest Fed's meeting minutes two weeks ago.
Contrary to this week's gains of the Euro, the currency did not manage to post solid gains against its counterparts on Tuesday.
US Dollar's performance yesterday was mixed, even though the main releases missed the expectations by a wide margin.
There were no significant reports on the UK economy yesterday, but the Pound fell precipitously on Tuesday against its major counterparts amid the latest rolls showing more people willing to leave the EU than to stay.
Just like a majority of the other major currencies, the US Dollar remained mostly unchanged yesterday, with gains and losses limited by a quarter of a per cent.