The two-day streak of Gold's decline in price seemed to come to an end, while on Wednesday the yellow metal rebounded 0.70%, thus registering the fastest increase among major commodities.
On the background of pessimistic news from the ECB in face of funding cuts for Greek financial system, the Euro dropped considerably yesterday against all but one major currency.
The Sterling keeps outperforming the market on the back of better-then-expected data.
The demand for the US Dollar was depressed on Feb 3, as the factory orders contracted more than the market on average expected.
Buoyed by positive economic data the British Pound outperformed most of its counterparts yesterday.
For the second consecutive day, Gold registered the sharpest decline among main commodities on the market as it dropped 1.09% during trading.
On Tuesday, the single European currency gained ground against all major counterparts, following positive news from Greece.
The US Dollar felt the negative impact of the disappointing ISM Manufacturing PMI, depreciating relative to four out of seven currencies.
Despite the yesterday's data exceeding the expectations of the market, the British Pound ceded some of the ground, losing 1.48% against the Loonie and 0.79% against the Kiwi.
Following a strong rebound in price of Gold back on Friday of previous week, on Monday the bullion decided to remain volatile, therefore registering the worst performance among main commodities on the market.
In the beginning of new working week, the common currency decided to remain rather silent in terms of any movements versus its counterparts, as only EUR/CHF cross exceeded 1% change to grow as much as 1.26% during trading.
Despite the disappointing data the US Dollar fared relatively well in the forex market, advancing 0.92% versus its Canadian counterpart and 0.31% versus the Euro.
Friday's fundamentals failed to help the Pound to appear among the top performers.
On Friday of the last week, Gold jumped noticeably during the trading session as it gained as much as 2.11% and erased all Thursday's losses.
The single European currency traded mostly to the downside on the last day of previous week, even though overall changes versus its counterparts did not exceed 1% to either side.
In USD/JPY, GBP/JPY and EUR/JPY pairs the Japanese Yen closed in red yesterday, as the fundamentals did not favour a recovery of the currency.
The British Pound was among the top-performing currencies yesterday, gaining as much as 1.58% against the Swissie and 1.16% against the Australian Dollar.
Even despite the fact that Gold dropped considerably on Thursday by more than 2% during trading, it used to be only the third worst performer among main commodities.
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.