With demand for less riskier assets, namely the Yen, lower, the US Dollar was able to post significant gains against it on Monday.
The British currency started the week with a rather serious decline, but with the support line untested.
ECB President Draghi confirmed his readiness to act in March, which used to have an immediate bearish impact on the Euro vs Dollar.
At the end of the previous week the Greenback failed to outperform the Loonie and edged closer towards the 1.38 target.
The AUD/USD currency pair remained relatively unchanged on Friday, therefore, preserving the bullish trend-line.
Unlike other commodity currencies, the New Zealand Dollar sustained a heavy loss last Friday, plunging more than 90 pips.
On Friday the Euro managed to recover from its intraday lows against the Yen and end the day relatively unchanged, with a ten-pip rally.
The bullion's bears are trying to demolish the rally of Thursday when the metal had surged from sub-1,200 to above 1,245.
The US currency succeeded in appreciating against the Yen on Friday, with gains limited by the resistance trend-line at 113.20.
Last Friday, the Sterling was unable to significantly outperform the US Dollar and failed to completely negate the preceding day's losses.
Markets foresee a consolidation of the Euro in the nearest future, following sharp upward moves earlier over the two preceding weeks.
The American Dollar remained relatively unchanged against the Canadian one, having edged only 13 pips higher.
The Australian Dollar experienced substantial volatility against its US counterpart on Thursday, but eventually managed to stabilise above the 0.71 level.
As predicted, the New Zealand Dollar managed to recover from intraday losses and put the down-trend to the test, stabilising at 0.6713.
After having tested the support line near the 2015 low, the EUR/JPY cross negated most of its intraday losses and closed trade just below the immediate support cluster.
Gold appreciated the most since December 2014 on Thursday, by becoming $60 more expensive in just 24 hours of trading.
The USD/JPY partially recovered from its intraday low of 111.00 on Thursday, as Yellen's remarks dispersed some speculation concerning the Fed's monetary policy.
The Cable took another shot at the monthly PP yesterday and, as a result, retreated from intraday losses, closing at 1.4480.
EUR/USD is now placed near the upper edge of the bullish channel pattern in the daily chart.
On Wednesday the AUD/USD currency pair succeeded in preserving the rising wedge pattern, but was unable to stabilise above the 0.71 level.
The USD/CAD currency pair almost completely erased Tuesday's losses and closed trade above the 55-day SMA yesterday.
The Euro suffered a massive 220-pip loss against the Yen on Wednesday, as demand for safe-haven assets increased.
As was anticipated, the NZD/USD pair broke out of its trading range yesterday and put the second resistance area to the test.
Gold prices soared again on Wednesday, underlying heavy demand for haven assets in time of global economic uncertainty and dovishness of Fed Chair Janet Yellen.