Unsurprisingly, the most significant increase in the value of the 19-nation European currency has been registered against the Greenback on Wednesday.
The Euro was driven mainly by fundamentals from other countries yesterday. EUR/NZD surged the most by 1.18% on the back of disappointing dairy prices' numbers from New Zealand that posted a drop of 2.9% in the first part of March 2016, compared to the preceding two weeks.
New Zealand Dollar tumbled across the board on Monday by falling versus the Greenback and the Euro. Expectations are growing that the Federal Reserve is going to raise interest rates ultimately by the end of this year and at least once.
The Euro eased from peaks it had reached back on March 10 when the ECB President Mario Draghi said the central bank seems to be done with interest rate decreases for now.
Decisions taken by the European Central Bank on Thursday have probably confused nobody but traders in the FX market.
The Reserve Bank of New Zealand made an unexpected decision to cut the benchmark interest rate by 25 basis points to 2.25% at its meeting yesterday.
The Euro was considerably down only against its Japanese peer on Tuesday, as EUR/JPY dropped by 0.75% and was driven by safe-haven needs on the back of sluggish trade balance data from China.
The Euro's best-performing currency pair was the one against the Kiwi on Monday, as it added 0.32%. Manufacturing sales in New Zealand dropped in the last quarter of 2015 after an advance that had been booked a quarter before.
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.