The Sterling experienced mixed performance on Thursday, appreciating against some major peers and declining against the others.
Gold showed no intentions to change in any direction on Thursday, as it added just 0.2% on a daily basis. However, oil prices booked a more than 8% rally on Aug 27, increasing bets they will register a first weekly advance after eight weeks of losses.
Single European currency continued to under-perform the majority of its peers on Thursday as market volatility decreased further and equity markets returned to sustainable recovery.
The US Dollar appreciated against most major peers, amid much better-than-anticipated Durable Goods Orders figures.
The Pound declined against most major peers on Wednesday, with exception against the Euro, adding 0.49%.
Gold was among the under-performers on Wednesday, while losing 1.9% on a daily basis. The only commodity, which tumbled even more, was silver with the -4.1% change. On the other hand, oil prices have generally continued to rebound as Brent rallied 1% to surpass the $44 mark, while Crude was broadly unchanged around $39.50 per barrel.
Euro was trading mainly downwards against other majors on Wednesday, as volatility in equity market decreased and the common currency dropped its unusual safe-haven status during the turmoil. Australian and Canadian dollars jumped the most by 2.1-2.2% versus the Euro as oil prices managed to pare some of losses.
The Greenback advanced against most major peers on Tuesday, with exception against the Kiwi and the Yen.
The Sterling appreciated against some major peers, but also declined against the others on Tuesday.
Oil was trading in green on Tuesday, but gains were not strong enough to push the Crude (+2.4%) price back above $40 per barrel, while a rally of 1.3% kept Brent above the $43 mark. On the contrary, precious metals traded in the bearish environment yesterday, as Chinese stock market volatility decreased and weighed on demand for safe-haven assets including
The Euro traded in a mixed environment on Tuesday. EUR/AUD surged the most by 0.81%, even though there were no influential fundamentals from Australia, while oil prices have finally showed some rebound yesterday.
The US Dollar weakened against some major peers, amid the Chinese stock market turmoil, while strengthening against the broadly weaker commodity currencies.
The UK Pound experienced mixed performance over the day, appreciating against commodity currencies, including the US Dollar, and also declining against other major peers.
Gold was down 0.8% on Monday, as markets assume lower oil prices can negatively affect inflation both in developed and emerging markets. Consumer prices are in turn acting as a fundamental factor for the precious metal. Meanwhile, oil continued to tumble, as losses were sometimes extending below 6%. However, Brent finished the trading session with a decrease of 5.5% below
Along with Swiss Franc and Japanese Yen, the Euro seems to have acted as the safe-haven currency in the past two days, when equity markets worldwide registered their biggest declines since 2011. The common currency was up more than one percentage point against five majors, while a rise versus the Kiwi, Aussie and Loonie exceeded two percentage points.
The US Dollar suffered more losses, amid dampened hopes of a September rate hike and poor Manufacturing PMI data.
The Sterling experienced mixed performance on Friday and over the weekend.
Gold reaffirmed its safe-haven status on Friday, as it was the only major commodity to gain value just before the weekend, namely 0.63%. At the same time, oil prices continued to plunge, as Brent and Crude lost around 2.4% to trade below $45 and $40 per barrel, accordingly.
The common currency continued to strengthen versus the majority of its peers on Friday amid the combination of factors including Fed minutes, weakness in China and slumping equity markets. EUR/AUD and EUR/CAD skyrocketed 2.4%, as falling oil prices were clearly reflected in pricing of commodity currencies.
The US Dollar sustained rather serious losses amid rising concerns of the Fed postponing a possible interest rate hike.
The British Pound declined against most major peers on Thursday, with exception against the Aussie and the Buck.
Gold rallied almost 2% on Thursday, helped by diminished outlook for the first Fed rate increase since 2006 after softer than anticipated FOMC meeting minutes. Moreover, the yellow metal was boosted by the global rout in equity markets.
Weak China's manufacturing numbers dragged the Australian Dollar lower, which plunged 1.3% against the Euro yesterday. Moreover, a loss of more than one percentage point was posted by EUR/USD and EUR/GBP crosses. The US Dollar was easing on Thursday, reflecting FOMC meeting minutes that used to be not as hawkish as expected. The Sterling has in turn seen a decline
The US Dollar declined against most major peers on Wednesday, after the inflation report disappointed with its figures.