If not the best, then the Euro used to be at least of the most successfully performing currencies on the market yesterday as it gained value against all of its peers.
After poor performance recorded on Wednesday, the greenback appreciated against all its major counterparts except for the Yen (-0.28%) on the day of the FOMC Statement.
Due to a lack of fundamentals the Pound was neither explicitly bullish nor bearish yesterday, rising 1.46% against the New Zealand Dollar and losing 0.67% against the Yen.
During Wednesday, all main commodities included in our review dropped in value.
Even though on Wednesday the Euro traded rather mixed, the bias still remained to the downside.
The US Dollar underperformed all the major currencies, staying unchanged only against the Swiss Franc.
The Pound completely disregarded the negative inflow of data regarding the economic activity and appreciated versus all its major peer except for the Euro.
On the second working day of this week, the yellow metal was among the metals to advance in price as it gained 0.85% during the trading session.
The shared currency gained strong value during trading on Tuesday as it managed to rise against all main counterparts.
Despite the disappointing data released on Friday, the US Dollar was the second best performing currency among the majors, losing solely to the Japanese Yen (-0.61%).
The Great Britain Pound was the most demanded currency in the market yesterday, it outperormed all its major counterparts.
On Monday, the bullion declined considerably as correction took place following Greece's parliamentary elections, which, despite the SYRIZA party win, are not expected to cause risks for the Eurozone in terms of country's exit from it.
On the first day of the current trading week, the pan-European currency rebounded considerably against its main counterparts.
Despite the disappointing data released on Friday, the US Dollar was the second best performing currency among the majors, losing solely to the Japanese Yen (-0.61%).
The British Pound benefited from the positive fundamental data, appreciating as much as 1.3% against the Euro and Aussie.
Yellow metal remained trading in a rather stable environment during last day of the previous week, even though a slight bearish sentiment persisted on the market.
The long-awaited decision of the European Central Bank to finally launch full-scaled QE in the Eurozone has had a negative impact on the Euro both on Thursday and Friday.
The demand for the Yen appeared to be strong yesterday, as the currency appreciated relative to all its main counterparts but two (USD and CAD).
The British Pound turned out to be the third worst performer on Thursday behind the Euro and the Franc.
Gold used to be one of only two major commodities to gain some value on Thursday, while investors hedged risks of currency market's volatility following the ECB's QE decision.
Following the unprecedented move of the European Central Bank to expand its asset purchases, the single currency crashed considerably against its all main counterparts yesterday.
The Japanese outperformed all its major counterparts except for the Swiss Franc yesterday.
Yesterday's news had offsetting effects on the British Pound, which remained unchanged relative to the US Dollar.
Following a number of days of a constant increase in price of gold, yesterday it turned into the side of market losers as a small consolidation took place.