The British Pound suffered losses against most major peers, with the largest ones recorded against the commodity currencies.
Commodities were equally divided between gainers and losers yesterday. The major market maker was oil, which eroded all losses from the previous trading session and skyrocketed by 3.4% on Thursday. At the moment Crude is already hovering above $50 per barrel, while Brent has just surpassed the $54 mark.
EUR/USD was the best performing currency pair on Thursday, helped by Fed meeting minutes released yesterday evening. They revealed worries among FOMC members concerning the inflation outlook and were therefore assumed as rather dovish. This currency pair gained 0.35%, while EUR/JPY followed with a climb of 0.28% due to post-BoJ reaction on decision to keep stimulus amount unchanged. In the
The US Dollar experienced mixed performance on Wednesday, as it appreciated against some major peers and declined against the others.
The Pound appreciated against most major peers on Wednesday, amid a better-than-expected Manufacturing Productions report.
Commodities showed no united trading dynamics during the market session on Wednesday. On the side of gainers, silver and natural gas added 1.1% and 0.2%, accordingly. However, all other commodities traded mainly in red, with oil leading the side of losers. Following a sharp climb in value on Tuesday, oil prices were down up to 1.5% yesterday amid a larger-than-forecasted
The Euro advanced only against the Swiss Franc on Wednesday as risk-seeking market sentiment weakened demand for the safe-haven currency. Oil prices continued to drive commodity currencies to the north, with Kiwi and Aussie registering a daily gain of 1.3% and 0.9%, respectively. The Canadian Dollar, however, rose just 0.13% versus the common European currency.
The Greenback declined against most major currencies, amid a worse-than-anticipated Trade Balance figures.
The Sterling experienced mixed performance on Tuesday, amid the Halifax HPI declining more than anticipated.
Commodities had one of the most bullish days in recent history on Tuesday. Only one of them failed to gain more than one full percentage point. The unconditional leader was oil, which skyrocketed by around 5% on a daily basis. Prices extended their revival due to a plunge in the total number of US rigs.
The Euro took profit from weak fundamental background across the world on Tuesday. US trade balance dropped more than projected in August, which resulted in the Dollar's loss of 0.75% against the common European currency. On top of that, hawkish comments from the San Francisco Fed President John Williams failed to reverse the downward trajectory of the Greenback.
The US Dollar declined against commodity currencies, while managing to appreciate against other major peers on risk appetite.
The Sterling declined against most major peers, amid a weaker-than-anticipated Services PMI reading yesterday.
On Monday a robust increase in value was posted by all but two major commodities included in our daily review. We could observe divergence between prices of precious metals as gold was down 0.25% (worst performer), while silver surged as much as 2.6% and turned to be the major beneficiary.
Commodity currencies benefited the most from rising oil prices on Monday, and they all increased in value against the single European currency. The Kiwi surged by 1.2%, while Australian and Canadian dollars were up by 1% and 0.8% versus the Euro. One more depreciating currency pair was the most popular EUR/USD cross, which fell by 0.25%.
The a lot worse-than-anticipated US Non-Farm Payrolls data caused the US Dollar to suffer heavy losses against most major peers.
Despite a rather strong reading of the UK Construction PMI on Friday, the Sterling experienced mixed performance over Friday and the weekend.
Precious metals benefited the most from the weak US non-farm payrolls report. Silver skyrocketed by almost 5%, while gold was up 2.2% after data revealed there were only 142,000 new jobs created by the US economy in September. Moreover, August and July payrolls were both revised down by around 60,000 in total.
The Euro fluctuated in a mixed environment on Friday as neither bulls nor bears managed to dominate market sentiment. EUR/CAD was the biggest daily loser, while the most of influence came from the main USD/CAD currency pair. Canadian Dollar outperformed its US peer after disappointing data showing the US economy added just 142,000 new jobs in September, well below average
The Greenback advanced against some major peers, but declined against the majority of other currencies.
Commodities performed in a fairly bearish way in the past 24 hours of trading as only corn and silver added some positive value of 0.26% and 0.15%, correspondingly. Another precious metal, gold, was down marginally by 0.13%. On the other hand, the most volatile natural gas retreated by 3.6% yesterday, while oil prices decreased by 0.8%-1.4%, depending on the market.
Market movements remained broadly subdued in course of the yesterday's trading session. Only one currency pair, namely EUR/CHF, registered a change of more than 20 basis points as it surged by 0.56%. The Swiss franc was dragged lower by negative production PMI numbers, which revealed a renewed decline of the sector.
The British currency experienced mixed performance on Thursday, as it declined against some major peers, but appreciated versus the others.
The US Dollar experienced mixed performance on Tuesday, as it appreciated against some major peers and declined against the others.