The US Dollar's performance was mixed over the day. The Greenback appreciated 0.32% both against the Euro and the Loonie; however, it remained relatively unchanged versus the Swissie (adding 0.05%). Substantial losses were detected against the Kiwi (0.76%), the Aussie (0.65%), and the Sterling (0.40%).
Following considerably worse than expected US oil inventories data posted yesterday, the black gold registered one of its fastest drops in recent weeks.
The single currency has only achieved a slight positive change against the Canadian Dollar during trading on Wednesday, which still amounted to just 0.01% on a daily basis.
Sterling's performance over the day was quite mixed, as gains, as well as losses, were seen. The Pound added 0.50% against the Euro, following with minor gains against the Swissie, Kiwi, and the Yen. At the same time, 1.02 and 0.48% declines were registered versus the Aussie and the Greenback, respectively.
The US Dollar appreciated against most major currencies, with the exception of the Aussie. The largest gain of 0.98% was detected versus the Euro, following with 0.76% appreciation against the Swiss Franc. However, the Greenback declined 0.59% against the Australian Dollar.
Despite only minor changes on Tuesday, Gold stayed on the side on under-performers during the second trading day of this week.
Yesterday, the shared European currency slumped against all of the other major currencies.
The US Dollar appreciated against most major currencies, excluding its Canadian counterpart. The largest gains were recorded against the Kiwi (0.79%) and the Swissie (0.74%), followed by smaller gains versus other peers. The Greenback remained relatively unchanged against the Loonie (-0.02%).
The Sterling performed rather well on Monday, appreciating against most major peers, except against the Greenback and the Loonie. The Pound experienced the largest gains of 0.70% and 0.66% versus the Swiss Franc and the Kiwi, respectively. Nonetheless, a loss of 0.27% was recorded against the Buck and 0.32% against the Canadian Dollar.
The yellow metal opened significantly higher on Monday, compared with the closing level seen on Thursday of the previous week.
The single European currency traded in a mixed environment during the first day of this week, remaining broadly unchanged on aggregate amid a continuation of Easter holidays.
The US Dollar fell under hard pressure last Friday, as it declined against all major currencies. The sharpest fall was recorded against the Kiwi, 1.20%, following with 0.84% and 0.83% slumps versus the Euro and Swiss Franc, respectively.
The British Pound experienced mixed performance through Friday, significantly appreciating only against the US Dollar (0.61%), but plunging versus other major peers. A 0.74% loss was detected against the Kiwi and a 0.46% decline versus the Swissie, while the Sterling remained relatively unchanged against the Yen (-0.02%), the Loonie (0.04%), and the Aussie (0.11%).
Influenced by US labour market numbers released last Friday, the American currency used to be a clear loser of the day.
The US Dollar was the second weakest currency on Thursday, declining as much as 1.08% relative to the Euro and 0.78% relative to the New Zealand Dollar. The only currency it appreciated against was the Australian Dollar, and only by 0.10%.
The Sterling mostly underperformed yesterday, but the losses were limited. The largest drop was recorded against the Euro, -1.05%, followed by -0.73% against the New Zealand Dollar and -0.72% against the Swiss Franc. Interestingly enough, GBP/USD stayed unchanged (+0.04%), even though the UK data disappointed and the US data surprised to the upside.
Yesterday, Gold failed to register a positive change in its price; however, a daily decline reached just 0.11%.
The shared currency increased in value all across the board on April 2.
Though there were two major disappointments concerning the US data, the Dollar was not the worst performer, appreciating versus the Antipodean currencies. Still, USD/CHF fell 0.59%, and USD/CAD slid 0.51%.
Though yesterday's data did not disappoint, the Sterling mostly underperformed. The currency lost 0.53% against the Swiss Franc and 0.74% against the Canadian Dollar.
On Wednesday, Gold registered its fastest increase in price since January 30.
Yesterday, the EUR/USD currency pair rebounded versus four major currencies on the foreign exchange.
The US Dollar was the second best-performing currency behind the Sterling, advancing 0.96% against the Euro and 0.62% against the Australian Dollar, as consumer confidence surprised the upside.
Amid good UK fundamentals demand for the Sterling was strong yesterday, as evidenced by its performance relative to the other major currencies, and the Pound appreciated against all of them. The largest advancement was versus the Euro (+1.00%), while the weakest rally was versus the US Dollar, only +0.05%, which also benefited from strong data.