A set of upbeat inflation data on Tuesday provided the Sterling with a sufficient boost to once again stabilise above the cluster of important levels circa 1.2330.
Due to US Dollar weakness caused by fundamental political events, the EUR/USD currency exchange rate has returned to fluctuate near the 1.06 mark on Wednesday morning.
During the first half of Tuesday's trading session the Kiwi had retreated against the US Dollar to trade near the previous session's opening price.
As it was expected, the Canadian Dollar extended its gains against the US Dollar in the second half of Monday's trading session.
The Aussie plunged against the Greenback during the early hours of today's trading session. Since then, it has managed to recover a major part of its intraday losses.
EUR/JPY closed the Monday's trading session in the red area. Today, the strong downside volatility demonstrates the prevalence of bears, suggesting further depreciation for the Euro.
On Tuesday morning the common European currency continued to trade just below the 1.06 mark against the US Dollar.
During the early hours of Tuesday's trading session the yellow metal continued to trade just below the resistance cluster, which is located near the 1,257 mark.
The USD/JPY currency pair surprised with its performance on Monday, as it erased all intraday gains and trade closed in the red zone.
The British currency was able to outperform the US Dollar on Monday, but with gains limited by the tough resistance cluster around 1.2425.
During the first half of Monday's trading the New Zealand Dollar remained almost unchanged against the US Dollar near 0.6940.
By the middle of Monday's trading session the Canadian Dollar had broken resistance against the US Dollar, as the USD/CAD currency exchange rate was approaching the 1.3350 mark.
The general trend for the Aussie has been bearish for the last trading sessions.
EUR/JPY may be forming a downward-sloping channel that is yet to be confirmed.
The yellow metal's price has returned back to the levels just above the 1,250 mark. The jump witnessed on Friday receded, as the financial markets and the world calmed down after the US missile strikes in Syria.
In spite of a poor US NFP reading, the Buck still managed to recover from its intraday low and close trade in the green zone against the Yen on Friday.
A rather unexpected development occurred on Friday, being that the British Pound fell under sharp selling pressure, while the Greenback soared across the board.
On Monday morning the common European currency fluctuated rather flat against the US Dollar below the 1.06 level.
The prevalence of bears on this trading session has pushed the Aussie downwards through the weekly S2 and closer to a support cluster formed by the 100-day SMA, the lower Bollinger band and the neckline of a double top pattern.
By the middle of Friday's trading session the New Zealand Dollar had traded against the US Dollar as forecasted during the two previous trading sessions.
At the start of Friday's trading session it seemed that the Greenback will score more gains against the Loonie.
The US airstrike on Syria early this morning resulted in a sharp plunge for the European common currency, increasing safe-haven demand for the Yen.
On Friday the yellow metal's price jumped due to events in the world. The bullion's price surged due to the missile strikes conducted by the US on Syrian airfields.
There has been barely any movement registered in the USD/JPY currency pair for the third day in a row yesterday, with the 110.50 mark still proving to be a tough psychological support.