Monday used to be a largely bullish day for the common European currency, owing to disappointing fundamentals outside of Europe, falling commodity prices and depressed equity markets.
The Greenback mostly retained its strength on Friday and on the weekend, as it appreciated against most major currencies.
Confidence of Britain remaining in the EU continued to strengthen the Sterling, resulting in relatively good performance over the weekend and last Friday.
Colder US weather outlook lifted natural gas futures on April 22, with prices adding more than 3% over the whole trading day. On top of that, another support was created by oil's bullish momentum.
Friday's statistics from the Euro zone was largely disappointing and this was very well reflected in performance of the single European currency, because it retreated against all but two G9 currencies on a day-to-day basis.
The US Dollar remained strong on Thursday, as it appreciated against most major peers that day, with exception against the Japanese Yen.
The Sterling continued to outperform most of other major currencies, with losses registered only against the safe-haven Yen and the US Dollar.
Oil prices bounced back on Thursday, thereby posting a 2-3% decline in day-to-day value. Major producers of black gold threatened to increase output, as Russia and Saudi Arabia are competing for dominance in terms of market share.
Oil prices were down by more than two percent on Thursday, as they dragged the majority of commodity-linked currencies lower.
The rebound of oil prices somewhat strengthened the US Dollar on Wednesday, causing it to outperform most major currencies.
The British Pound experienced mixed performance over the day, having slumped against some major peers, but also appreciated against the others.
Crude prices continue rallying, with massive increases posted by both brands of oil depending on the exchange where they are traded. Futures soared almost equally by 4% on day-to-day basis, after inventory data for the US matched analysts' anticipations.
The European single currency traded in a mixed environment against other G9 components, while preparing for the ECB meeting later today.
The overall situation barely changed over the day, as the US Dollar weakened against most major peers on Tuesday.
The British currency retained most of it strength on Tuesday, having outperformed most major peers that day.
All commodities with no exception that are included in this daily review posted massive gains over this week's second working day. The rally exceeded one full percentage point for all components, with the leader being natural gas.
With markets maintaining the risk-on trading mode, the Euro surged 0.76% against a significantly weakened Japanese Yen. Moreover, it seems that the recent Yen-appreciation panic is more or less over for now.
The US Dollar suffered losses against all other major currency on Monday, with the only exception being the USD/JPY, which edged 0.06% higher on risk-appetite, but still unable to surge significantly.
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.