The Euro used to be a clear under-performer during trading on Wednesday as market is awaiting the upcoming meeting of the European Central Bank, where details on the QE programme should be announced.
The Sterling performed worse than yesterday against most majors, as it added only 0.26% against the Swiss Franc. Furthermore, the Pound slumped 0.70% versus the Aussie, 0.57% against the Kiwi, and 0.37% versus the Yen.
The US Dollar slumped against most majors on Tuesday. The Greenback lost 0.66% against the Aussie, 0.53% versus the Kiwi, whereas it gained 0.29% against the Swiss Franc.
Being among the worst performers on Tuesday, Gold declined 0.26% in its value during trading and was only under-performed by silver which dropped 0.7%.
On Tuesday, the shared European currency climbed only against the Swiss Franc, being that EUR/CHF pair gained 0.24%.
The US Dollar performed formidably on Monday, as it appreciated against most majors. The Greenback added 0.72% against the Kiwi, 0.59% versus the Aussie and 0.44% versus the Swiss Franc.
The Sterling had mixed performance yesterday, as it added 0.26% and 0.11% versus the Kiwi and the Aussie, respectively. Nonetheless, the Pound plunged 0.47% against the Greenback and 0.32% against the Euro.
Opposite to the end of last trading week, on Monday all commodities without any exception dropped in price considerably.
General trend of the Euro was strongly positive during trading in the beginning of the week, as the shared currency declined only against the American Dollar.
Friday's data had mixed effect on the US Dollar, as the Greenback fell 0.40% against its New Zealand counterpart and 0.17% against the Sterling. Nevertheless, the Buck appreciated 0.17% and 0.18% versus the Swiss Franc and the Yen, respectively.
The Sterling performed well against most majors last Friday, as it added 0.38% versus the Japanese Yen and 0.37% versus the Swiss Franc. However, the Pound slumped 0.19% against the New Zealand Dollar.
Last Friday, all commodities posted a positive development on a daily basis.
The single European currency traded mixed on the last working day of winter; however, it still declined against the majority of its counterparts.
The US Dollar performed astonishingly yesterday, as it appreciated versus most majors. The Buck gained 1.45% against the Euro, 1.10% versus the Aussie and 0.79% against the Sterling.
The Sterling had mixed performance yesterday, as it added 0.66% versus the Euro and 0.31% against the Aussie. However, the Pound also slumped 0.51% versus the New Zealand Dollar and 0.78 against the Greenback.
Gold held gains for a third day in a row on Friday and was set to halt its four-week losing streak, supported by strong China's demand. However, overall the commodities performed rather poorly, S&P GSCI fell as much as 1.6% on Thursday.
Positive fundamental background failed to boost demand for the single European currency. The Euro turned out to be the worst performer on Feb 26, losing 1.43% of its value relative to the US Dollar and 1.16% relative to the Kiwi.
The Sterling performed quite good against most majors. The Pound gained 0.48% versus the US Dollar and 0.39% against the Japanese Yen. However, a 0.38% loss was seen versus the New Zealand Dollar.
The US Dollar performed poorly yesterday, as it depreciated against most majors. The Greenback lost 0.87% against its New Zealand counterpart, as well as 0.70% versus the Aussie.
Yesterday commodities reversed their recent losses. A benchmark of commodity markets rose 2%, while Brent is now five percent more expensive. Gains of gold were more modest but nonetheless significant at 0.37%.
A lack of fundamentals did not benefit the common currency. The Euro underperformed most of its counterparts, giving up as much as 0.67% of its value relative to the Kiwi and 0.52% relative to the Aussie.
The value of gold declined yesterday, along with many other commodities.
The single European currency finished Tuesday with mixed results, losing 0.62% and 0.32% against the Loonie and Aussie, respectively, but at the same time winning 0.50% against the Kiwi.
The Greenback's change over the day was very similar to the Sterling's, as the Buck lost 0.68% and 0.35% versus its Canadian and Australian counterparts, respectively. Similarly to the Pound, US Dollar edged higher 0.43% against New Zealand Dollar.