On Tuesday of this week, the single European currency resumed its downward trend it retained for the previous couple of weeks, as the Euro managed to increase in value only against the New Zealand's dollar by 0.07%.
Despite Friday bringing a plethora of good news regarding the state of the US economy, particularly regarding the improving labour market, the US Dollar appeared among the worst performers, advancing only against its Canadian counterpart (+0.3%) and losing nearly a whole percent relative to the Japanese Yen and the Aussie.
Despite absence of any explicitly favourable for the Sterling data yesterday, the currency fared well relative to its counterparts, advancing a whole percent against the loonie and 0.76% against the kiwi.
Even though the majority of commodities registered a strong decline in value on the first day of this working week, Gold managed to become the leader and even rise in price.
Similar to Friday of the previous week, yesterday the Euro performed in a rather mixed environment for the most part of the day, which was reflected in its daily gains and losses against its counterparts.
Despite Friday bringing a plethora of good news regarding the state of the US economy, particularly regarding the improving labour market, the US Dollar appeared among the worst performers, advancing only against its Canadian counterpart (+0.3%) and losing nearly a whole percent relative to the Japanese Yen and the Aussie.
The Sterling was one of the top performers last Friday, gaining 0.75% against the loonied and 0.45% against the greenback on the back of the positive news on the UK production and trade.
On the last day of previous working week, the vast majority of main commodities increased in price rather noticeably.
In the end of the first full trading week of 2015 ended January 9, the single European currency performed much better than during several days before, even though the overall tendency used to be mixed.
The only currencies that ourperformed the US Dollar were the Aussie and the kiwi, as investors are becoming more confident regarding the Asia-Pacific region.
In line with expectations the Bank of England kept monetary policy unchanged after its first meeting in 2015, amid cooling inflation, which fell to the lowest level in 12 years, and softer growth at the end of 2014 and going into 2015.
Yesterday, Gold was placed in the middle of the table among daily gainers and losers, as the metal was broadly little changed and lost only 0.22% in course of the session.
On Thursday, the single European currency continued with its already ten-day long streak of daily losses versus the vast majority of other currencies.
The demand for the US Dollar was been increased lately - the currency gained 0.73% against the Yen and 0.43% aganst the Euro, as the fundamental surprised to the upside.
Because of a lack of data on the UK economy yesterday, the Britsh Pound did not exhibit strong momentum, balancing between the gains and losses relative to its major counterparts.
In the middle of present trading week, Gold registered a marginal negative development after a three-day long streak of gains, which seemed more as a correction.
For a ninth consecutive day in a row, the Euro continued declining on a day-by-day basis, as on Wednesday it managed to gain value only against the Japanese yen by 0.31% while declining versus the others.
The US Dollar turned out to be resilient to the negative data, underperforming only relative to the Yen (-1.04%) and to the New Zealand Dollar (-0.97%).
The data on the UK economy still do not give a good reason for the market to change its attitude towards the Sterling, which is being sold-off.
Yesterday, market failed to show the same tendency for all commodities, as number of ones that declined was equal to a number of daily gainers.
On Tuesday of this week, the shared currency traded in the mixed environment against its main counterparts, as an increase versus the British pound and Canadian dollar by 0.29% and 0.26% was offset by a more noticeable decline against others.
On Monday, the bullion was among three main commodities on the exchange market to increase in value.
In the beginning of new working week on January 5, the shared currency was unable to withstand bearish pressure across the board, as it dropped in value against its all major counterparts.
The US Dollar was not among the main movers yesterday due to a lack of fundamental data, rising 0.58% versus the Euro and at the same time losing 0.71% against the Yen.