The US Dollar edged more than 100 pips lower against its Canadian counterpart on Wednesday, as the Loonie, being a commodity currency, was boosted by a rally in oil prices.
An increase in oil prices yesterday caused the Australian currency to strengthen against the American Dollar, but as expected, with gains limited by the immediate resistance cluster.
The Kiwi easily overtook the 0.69 psychological level on Wednesday, reaching a fresh nine-month high of 0.6965.
On Wednesday the European single currency prolonged its recovery against the Japanese Yen, but was unable to breach the immediate resistance cluster.
Prices of the yellow metal are increasingly turbulent this week, as the volume of daily trading has not rebounded to pre-Easter levels yet.
The Greenback's losses against the Japanese Yen yesterday were limited, due to the ADP Employment Change data beating expectations.
Upon putting the monthly R1 to the test, the GBP/USD currency pair failed to maintain gains and retreated, closing below the 1.44 level.
With recovering volume of trading, the Euro continued to grow in value against the Greenback on Wednesday.
On Tuesday the New Zealand Dollar skyrocketed against the Greenback, caused by a rebound in oil prices and Yellen's dovish statement.
Fed Chair's dovish statement caused the USD/CAD to sustain rather serious losses and slump back under the 1.3100 mark, therefore, preserving the descending channel pattern.
The Aussie soared against its US Counterpart on Tuesday, amid Fed Yellen's dovish statement.
The Euro managed to retain its strength a appreciate against the Japanese Yen for another day.
Along with tumbling US currency, the bullion skyrocketed the most in two weeks yesterday.
On Tuesday the British currency gained 130 pips against the US Dollar, surging due to Fed Yellen's dovish statement.
Fed Yellen's statement yesterday caused the USD/JPY currency pair to fall back under the 113.00 level, therefore, preserving the descending channel pattern.
EUR/USD became pretty much buoyant on Tuesday after dovish remarks by the Fed Chair Janet Yellen.
Poor readings of the US Core PCE Price Index and the Personal Spending caused the New Zealand Dollar to climb higher against the US currency on Monday.
The USD/CAD pair returned within the borders of the descending channel yesterday, with the weekly PP providing sufficient support to limit the losses.
Weak US fundamentals caused the AUD/USD currency pair to edge higher, refusing to maintain trade below 0.75.
The European single currency appreciated against the Japanese Yen, meeting resistance near the 127.00 major level in face of the weekly R1 and the 55-day SMA.
On Monday the bullion was turbulent, as initially the bears led a decline below 1,210.
Even though the USD/JPY currency pair closed trade at the descending channel's resistance line, upside risks are now higher.
With most of the US data disappointing yesterday, the Sterling was able to outperform the US Dollar and not only climb over the 1.42 level, but nearly even reach the 1.43 mark.
Weak US personal spending data helped the EUR/USD cross to add value on Monday, as it closed below 1.12 after testing the 23.6% Fibonacci retracement of the March 2016 uptrend at 1.1220.