While the US Dollar continued to be under pressure after the recent Fed statement on interest rates, Gold prolonged its bullish trend and climbed 0.59% on Monday.
EUR/GBP and EUR/USD currency pairs were the major gainers among different Euro crosses on Monday as they both jumped around 1.2% on a daily basis.
On Friday, the US Dollar significantly slumped against most major currencies. The sharpest decline was registered versus the Kiwi, 2.01%, followed by a 1.60% slide versus the Aussie and 1.49% against both, the Swissie and the Euro. The smallest drop was detected versus the Japanese Yen, though still 0.61%.
The British Pound had mixed performance on Friday. The Sterling appreciated 1.33% versus the US Dollar and 0.70% versus the Yen. However, a 0.71% slump was recorded against the Kiwi. The Pound also remained relatively unchanged against the Loonie (added 0.02%).
On Friday, all but one commodity from our review showed a positive development in terms of price changes as only natural gas declined 0.96% before the weekend.
The common currency stayed volatile during all days after the Fed's meeting last Wednesday.
The Sterling tumbled down all currencies, with the exception of the Euro and Aussie. The Pound lost 1.50% and 0.96% versus the Buck and Japanese Yen, respectively. Nevertheless, a 0.38% gain was recorded with respect to the Euro, while the British currency remained relatively unchanged (added 0.12%) against the Aussie.
After a day of losses, the US Dollar managed to rebound against all major peers. Largest gains were registered against the Euro, Aussie, and Sterling, in pairs with which the Greenback added 1.98%, 1.63%, and 1.53%, respectively. The smallest gain was detected against the Yen, 0.56%.
The precious metal used to be the one among just two main commodities that managed to increase in price during Thursday.
Following three days of up-trend for the Euro, the single European currency lost ground on Thursday and declined against all of other major currencies.
The Greenback suffered severe losses against all major peers. The US Dollar declined 2.76% versus the Swiss Franc, following with the 2.50% and 2.37% plunges against the Euro and Kiwi, respectively. The smallest slump was recorded with respect to the Yen, 1.04%.
The Sterling declined against most currencies, gaining only against the Yen and Greenback. The Pound lost 1.27%, 0.94%, and 0.90% versus the Swissie, Euro, and Kiwi, respectively. However, a substantial gain of 1.55% was recorded with respect to the US Dollar.
After some weakness two days ago, on Wednesday each commodity included in our review registered a rise in price, amid softer stance of the Federal Reserve on interest rates.
On Wednesday, the Euro jumped against all but one major currency on the foreign exchange, thus registering a general positive development for a third consecutive day.
The Sterling performed quite poorly against its major peers, there only one registered gain. The Pound declined the most versus the Euro and the Swissie, losing 0.81% and 0.67%, respectively. Nevertheless, the British currency added 0.32% versus the Kiwi.
The US Dollar appreciated noticeably against most major peers on Tuesday, with exception versus the Euro and Swiss Franc. The Greenback added 0.83% and 0.53% against the Kiwi and the Sterling, respectively. However, a 0.27% decline was detected versus the Euro and 0.14% against the Swissie. The Buck remained relatively unchanged towards the Yen, as it gained only 0.02%.
On Tuesday, natural gas was the only commodity in our review that surged in price substantially.
For a second day in a row, the single currency succeeded in gaining value versus all its main counterparts.
The US Dollar suffered losses against most major peers. The most noticeable one, namely 0.68%, was against the Euro, following with a 0.56% decline against the Sterling. The Buck remained relatively unchanged versus the Aussie, Loonie and the Yen, whereas a 0.20% gain was recorded against the Swiss Franc.
Over the day the Sterling appreciated against most currencies, with exception of the Euro. The Pound added the most against the Swiss Franc, 0.78%, while more moderate gains of 0.58% and 0.52% were recorded versus the Greenback and Japanese Yen, respectively. Meanwhile, the British currency remained relatively unchanged against the Euro (-0.09%).
While on Friday some commodities including Gold managed to increase in price, yesterday all of them were hit by selling pressure.
In the beginning of this week, the single European currency rebounded against the majority its peers on the foreign exchange.
While the majority of commodities declined in price on Friday, Gold used to be the best performer which even managed to gain some value.
Last Friday, the Euro declined again versus the majority of other currencies, while the strongest decrease of 1.31% was registered by the most traded EUR/USD currency pair.