Oil contracts were popular among investors on Thursday, as possible temporary production disruption in Canada and Libya raised prices these energy futures by about one percentage point.
While two days ago the Euro surged against all but one currency, yesterday the tendency was reversed fully around.
The Greenback managed to post gains across the board, despite the ADP Non-Farm Employment Change data disappointing dramatically.
The British Pound was unable to post significant gains against other major currencies, due to a poor reading of the UK Construction PMI data.
Natural gas continued to greatly diverge from its counterparts in the commodity market. It posted a daily surge of 2.64% on May 4, while all others used to hover in a much less turbulent environment.
The European single currency was up the most against the Canadian Dollar on Wednesday. This is the only component, which surpassed the 1% mark and stopped growing at 1.06%.
The American Dollar managed to recover and post gains across the board, after having suffered losses against most major peers on Monday.
Due to a poor reading of the UK Manufacturing PMI on Tuesday, the Sterling sustained losses against most major peers, with exception against the commodity-based currencies.
Natural gas, by being the most volatile commodity in our review, revived 2.15% on Tuesday after steep downward changes of more than 6% a day before.
The Australian Dollar crushed by 2.11% against the Euro yesterday, after the Reserve Bank of Australia surprisingly decided to curb the key interest rate to 1.75% from 2%.
The US Dollar sustained losses against all other major currencies, due to a poor reading of the US Manufacturing PMI data yesterday.
The British currency experienced mixed performance on Monday, having appreciated against some major peers, but declined against the others.
Despite much weakened US currency, all major commodities have posted a significant retreat in prices over Monday, the second day of May. Natural gas was down the most by more than 6%, with contracts for delivery in June losing attractiveness in the wake of warmer US weather forecasts.
The Euro remained on the topside against all major currencies but the Australian Dollar (-0.07%), although a considerable surge with respect to this South Pacific currency is expected on Tuesday amid a decision of the Reserve Bank of Australia to cut interest rates by 25 basis points.
The US Dollar's performance on Friday and over the weekend was almost identical to the British Pound's, with the exception of the Cable edging 0.03% higher.
The Sterling ended the previous week with losses against most major peers, although some gains were registered against most commodity currencies and the Buck.
Precious metals and natural gas were all bid on the last trading day of April, as the rally was prompted by dampened US currency in the wake of disappointing fundamentals and generally risk-off market sentiment.
With growing risk-averse market sentiment and declining oil prices, the Euro turned to become one of the best-performing currencies on Friday of the previous week.
Although the US Annualized GDP data disappointed yesterday, the Greenback was able to limit the losses against major peers.
The British currency remained relatively unchanged against most major peers on Thursday for the second day, with the only severe loss of 2.56% registered against the Japanese Yen, amid the BoJ's unexpected decision to leave monetary policy unchanged.
Inaction of US and Japanese central banks weighed on the Greenback yesterday, while the sell-off is continuing to take place at the moment.
The Japanese Yen posted a colossal 2.77% spike in value against the Euro on Thursday after the Bank of Japan decided to stay on hold and keep interest rates unchanged. Along with that, the QE programme's volume remained stable at 80 trillion yen per year.
The US Dollar experienced mixed performance, but with gains or losses being rather mild.
The Sterling struggled to post gains against other major currencies on Wednesday, but experienced losses were not as severe, as they were anticipated.