Due to a rebound of the European stock market, the British currency managed to outperform all other major peers on Monday.
In the beginning of this week's commodity trading oil dips were touching the 6-7% mark, following a big failure to reach an agreement about freezing production at the talks in Doha, Qatar.
For another day the Euro has been a mixed-traded currency. It registered a growth versus two of its counterparts, namely the Japanese Yen and US Dollar on Monday.
A poor reading of the US Preliminary UoM Consumer Sentiment caused the US Dollar to weaken against most major currencies.
The British currency experienced mixed performance on Friday and over the weekend, but still managing to outperform most major currencies.
Oil futures were sent into a somewhat negative territory on Friday, just ahead of crucial output talks that were taking place in Doha over the weekend.
Friday's economic data was predominantly pessimistic across the board and not only in Europe. EUR/USD posted the second-fastest increase in value of 0.14%, helped by negatively-biased US fundamentals.
Weaker-than-anticipated US CPI figures failed to push the American Dollar lower yesterday, as the only decline was registered against the Australian Dollar.
The British currency weakened against almost every other major peer on Thursday, with the only exception being the New Zealand Dollar.
Corn was forced to remain the only component, among commodities included in this review, to add value on Thursday. Moreover, it became the best gainer for a second consecutive working day.
Owing to the lack of Euro zone's fundamentals on Thursday, the common currency of the bloc was driven mainly by other components that used to have at least some basis to trade on.
The risk-on sentiment helped the US Dollar to post gains across the board on Wednesday.
Another day of relatively poor performance was in store for the British currency on Wednesday.
We have seen a big move in terms of corn prices on Wednesday, because they appreciated by 3.15% and were followed by soaring natural gas (1.60%) with quite a wide gap.
American statistical data was all but encouraging on Wednesday, given that retail sales dropped in March and producer prices fell instead of advancing.
The American Dollar suffered losses against most major peers on Tuesday, amid a poor reading of the US Import Price Index.
The Sterling experienced mixed performance over the last 24 hours, as it appreciated against some major peers, but also declined against the others.
All commodities except the safe haven gold added more than 1.5% on Tuesday, with the gains led by all energy components.
The Euro appreciated only versus the Japanese Yen on Tuesday, as the pair's 0.37% pick up was mainly prompted by an increase in the number of risk-on market bets and generally rising risk expectations.
Prices of both precious and energy commodities continued to rally during the first working day of this week, helped by broader risk-on sentiment and other influential factors.
Yesterday the Euro was an active trading currency against all its counterparts but the US Dollar and the Japanese Yen. Greenback's buyers and sellers are maintaining the equal level of importance for a number of consecutive sessions already, and the volatility is not caused even by remarks that are made by top officials.
The US currency sustained losses against all major currencies, with exception against the Swiss Franc.
The British Pound started the week by appreciating against most of other major peers, with exception against the New Zealand currency.
The US Dollar suffered losses against all other major currencies on Friday and over the weekend.