Friday brought us a very limited set of economic data; however, all available statistics was important enough in order to move markets throughout the last day of the previous week.
The Euro recovered the most against the Japanese Yen on Thursday by 1%, as rising appetite with respect to risk is decreasing inflow of funds into the world's main safe-haven currency.
Rising risk appetite, climbing stock and commodity markets forced the Euro to continue losing value in the middle of this week.
The only currency against which the Euro posted a confident climb on Tuesday was the Japanese Yen.
Data from the Euro zone has considerably missed market expectations on Monday, as inflation in the common currency area slumped back into the negative territory of -0.2% in February.
The US Dollar experienced an inflow of funds on Friday on the back of very optimistic fundamentals across the board. The world's largest economy added 1% in the last three months of 2015, according to the preliminary (second) estimate.
The common currency showed mixed performance yesterday, as it outperformed the safe havens, but was left behind by the riskier currencies.
The currencies except for the Sterling and Canadian Dollar by and large stayed unchanged.
Despite weak Euro Area fundamentals, the single currency outperformed four out of seven its major counterparts.
After a relatively good end of the previous week, the Euro turned out to be one of the mains losers of Monday, giving up as much as 2% against the Aussie and 1.8% against the Kiwi.
The Euro fares particularly well against the riskier currencies, which implies strong risk-off sentiment.
EUR/CAD and EUR/AUD were the only currency pairs from our daily review to register a positive change. These components were, as usually, driven by oil prices that reversed earlier gains on Thursday and slumped amid an increase in US crude storage.
Being that oil prices booked daily gains of more than 6% on Wednesday, commodity-linked currencies inched much higher against the Euro.
The fastest increase in the value of the single currency was registered by the currency pairs with the Kiwi and Pound Sterling, as these components surged by 0.94% and 0.82%, respectively.
As US markets were closed for trading on Monday, all eyes were on the ECB President Mario Draghi's speech before the European Parliament's Economic and Monetary Affairs Committee.
The Euro booked mixed results against other currencies throughout the trading session on Friday.
The Euro is trying to find a balance between other safe haven and risky currencies, meaning there are broadly different developments posted by different currency pairs.
Wednesday saw the Japanese Yen skyrocketing by 1.54% at the expense on the Euro, as the most popular haven currency experiences an inflow of funds due to greater global economic, financial and central bank uncertainty.
US Dollar paid no attention to mainly positive domestic statistical data on Tuesday, while mostly following developments in equity and commodity markets and the world economy.
Monday was a bright day only for the Japanese Yen in terms of development against the Euro. EUR/JPY slid by 0.57%, as risk-aversion drove everything that was happening throughout the previous 24 hours.
Friday brought us the last portion of crucial fundamentals, just among others that had already been released earlier the same week.
Markets used to focus on incoming central bank events and some particular fundamentals throughout Thursday, while mostly disregarding speeches among officials.
American currency literally crashed on Wednesday, while dipping by 1.70% against the world's second biggest reserve currency – Euro.
The Euro registered a generally positive trading session on Tuesday, with only EUR/JPY booking a loss of 0.56%. The Yen resumed gaining value amid risk-off market sentiment, which is pushing the flow of cash into the Japanese currency.