On Wednesday, the European currency advanced against the Japanese Yen, with gains limited by the resistance at 138.70, namely the weekly R3.
Uncertainty that is being created by decisions of the PBOC is increasing demand for safe-haven assets.
The US Dollar sustained heavy losses on Wednesday, even reaching the previous week's low of 123.80.
The GBP/USD currency pair surprised with its performance on Wednesday, as it rebounded after reaching a daily low of 1.5534.
EUR/USD surged the most since Jul 29 on fears the Fed may not hike rates in September.
Upon reaching the third support in face of the weekly S1 yesterday, the Kiwi jumped slightly back up and stabilised at 0.6550, just ten pips off the predicted target.
The US Dollar outperformed the Loonie yesterday and even tested the weekly PP again.
The Australian Dollar behaved according to the forecast, as it declined on Tuesday.
Although the Euro managed to advance against the Yen yesterday, gains were still 20 pips smaller than on Monday.
Both long and short traders were attempting to lead the gold market in course of yesterday; however, these intentions resulted in failure and eventual stand-off, as the bullion closed just below the weekly R2 at 1,108, some three dollars above the previous day's closing price.
The Greenback appreciated against the Japanese Yen for the second time yesterday, reaching a fresh nine-week high.
The Cable experienced some volatility on Tuesday, trading within the borders of the monthly PP and weekly R1.
After substantial turbulence on Tuesday, the most traded currency pair continues gaining value in the morning on Wednesday as well.
The Kiwi's attempts to edge lower were completely nullified yesterday, as the weakened US Dollar made room for its New Zealand counterpart's rally.
The American Dollar sustained losses after FOMC member Fischer's statement brought doubts about the Fed raising interest rates in September.
Even though the AUD/USD dropped to the weekly PP at 0.7361, the given pair was then pushed back up and breached the 0.74 major level.
The European currency overperformed on Monday, as it appreciated against the Yen a lot more than expected.
Fed's Stanley Fisher rate comments sent the XAU/USD cross in the direction of 1,109 for the first time in three weeks.
The USD/JPY touched the target resistance, namely the Bollinger band, yesterday, but closed at 124.63.
The Greenback weakened against the Sterling yesterday, after FOMC member Fischer's dovish statement concerning the September interest rate hike.
EUR/USD posted some decisive upward changes on Monday and tested recent lows/monthly PP at 1.10 for the first time since Jul 31.
The New Zealand Dollar slightly overperformed, as it appreciated beyond the 0.66 psychological level.
The USD/CAD's volatility was limited by the 20-day SMA and the upper Bollinger on Friday.
On Friday, the Australian Dollar managed to rebound from the 20-day SMA and settle at the highest level, unseen for two weeks.