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.
In anticipation of today's employment and milk price statistics, the New Zealand Dollar decided to start appreciating against the Euro already on Monday of the new week.
The Euro continued to appreciate only against the Japanese Yen on Friday, showing gains of 0.94% in the wake of the unexpected decision made by the Bank of Japan to slash interest rates and send them into the negative territory.
The Bank of Japan made an unprecedented decision to introduce a negative interest rate on bank deposits. To support a sluggish economy and raise inflation expectations, the BOJ curbed the deposit rate to -10 basis points from 0.1% earlier.
Decision of the Reserve Bank of New Zealand was the main trigger for Kiwi's drop on Wednesday, as this currency lost 1.3% versus the Euro.
The Euro traded in a mixed environment on Tuesday, by growing against major safe haven currencies and depreciating versus commodity currencies and the British Pound.
Statistical data from Germany was rather disappointing on Monday, as the IFO business climate indicator slumped to the lowest level since February 2015. Despite that, the Euro was resilient to all fundamental shocks and benefited from a renewed decline in equity and commodity markets.
European fundamentals disappointed on Friday, as composite Euro zone's PMI indicator declined more than expected in January and both France and Germany posted worse-than-estimated data.
A rebound in oil prices that had occurred earlier during the trading session on Thursday was perfectly reflected in the development of commodity-linked currencies.
Wednesday was bearish for the 19-nation currency, as no green candles were sometimes seen throughout several sessions in Asia, Europe and US. Equities across the globe were sent continuously to the downside, but the safe-haven Euro failed to attract market attention, as investment into the Yen soared.
The Euro competed with the British Pound to become Tuesday's most positive performer. However, the 19-nation currency registered stronger gains throughout all sessions and surged by 0.75% versus the Sterling.
Monday was a calm day for the FX market, as hardly any components were moving strongly in either direction against the Euro.
Another selloff that drove worldwide equity markets down was immensely positive for the common European currency on Friday of the last week.
One of the most important data releases took place in Britain on Thursday, where the Bank of England made several monetary policy decisions.
The Euro was building solid ground at the expense of other G10 currencies throughout Wednesday of this week. In spite of some rebound in oil prices, Canadian and Australian dollars used to be the worst performers yesterday, as they dipped by 0.7% and 0.3% versus the Euro, accordingly.
The Euro strengthened against other currencies across the board amid weakness from other regions and commodity price rout. Euro/Sterling surged 0.65% on the back of dropping industrial and manufacturing production in Britain, which is falling due to strong UK currency and lack of economic momentum in the Euro zone and China.
Monday was a silent day for news releases from all observed regions. Still, some currencies were driven by the commodity market and others were awaiting the beginning of an earnings season in the US.