The Sterling was mostly appreciating yesterday, but gains were limited by a small amount of fundamental releases, while losses did not exceed 0.2%.
Oil price movements diverged on Monday, with Brent growing 0.44% and Crude falling 0.12%. The former was elevated in the run up to fresh weekly US oil stockpiles data that is due on Tuesday and Wednesday from two different sources.
Contrary to Friday's losses of the Euro, this currency managed to post solid gains against all majors but the Swiss Franc on Monday.
The Greenback disregarded neutral to weak Friday fundamentals and outperformed all its major counterparts on growing expectations that the date of the rate hike draws near.
Despite the absence of any events in the economic calendar, the British Pound was among the best performers on Friday.
Precious metals continued to fall in value on May 27, with gold prices sliding down for the eight day in a row. Together with silver they were down by about 0.60%, as the decline was fuelled by continuous Fed expectations and their first rate increase since December 2015.
Markets were almost completely US-biased on Friday, while absence of European fundamentals dragged the single currency down against all of its counterparts.
The US Dollar declined against all other major currencies on Thursday, despite rather strong US Durable and Core Durable Goods Orders data, with the only exception being against the British Pound.
Thursday was the worst day for the Sterling this week so far, as it edged lower against all other major currencies yesterday.
The only extremes in terms of daily price movements on Thursday of this week were posted by corn and natural gas, as the former rallied 0.86% and the latter plunged 1.38%.
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.
The US Dollar experienced poor performance on Wednesday, as it declined against almost all other major currencies.
Risk appetite caused the Sterling to appreciate the most against the safe-haven Yen, with the pair adding 0.60%, while the Pound also managed to outperform most of major currencies yesterday.
Among all major commodities, only gold continued to fall down on Wednesday and slumped 0.23%, given expectations that the Federal Reserve will raise the main target interest rate in June or July and will push down demand for the save haven metal.
European fundamental data, particularly from Germany, has been very positive on Wednesday.
The Buck managed to outperform most of major currencies on Tuesday, with exception of the Loonie and the Sterling.
The UK Inflation Report Hearings yesterday caused the British currency to post solid gains across the board.
Commodities had a mixed trading session yesterday, with most of energy components rebounding and precious metals continuing to lose value.
US new home sales skyrocketed at the fastest monthly pace since August 2014, by surging 16.6% in April of this year.
The British Pound began the week with rather poor performance, as it sustained losses against most major peers on Monday.
The US Dollar experienced mixed performance on Monday, having appreciated against some major peers, but also declined against the others.
Corn was the only commodity included in this review to add value on Monday, May 24. While growing 0.82%, it curbed the overall daily drop of the benchmark S&P GSCI Index and narrowed it to 0.66%.
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.
The US Dollar experienced mixed performance over the weekend, with the largest gain of 0.77% registered against the British Pound.