Yesterday the Pound was the second worst performer after the Euro, relative to which the Sterling appreciated 0.17%.
The list of commodities, which increased in value, was joined by gold on Monday. Natural gas and corn continued to rally by 1.7% and 1.5%, correspondingly, while the precious metal added 0.4%. On the other hand, oil continued to fall in price as Brent and Crude slid 3.2% and 1.3%, respectively.
The Euro slumped versus all major currencies on Monday. The sharpest drop was registered in the pair with Australian Dollar as the South Pacific currency was driven by political news. A former lawyer and investment banker Malcolm Turnbull became a new Prime Minister of Australia, after defeating the incumbent Tony Abbott in a leadership vote among the Liberal Party MPs.
Along with the Yen, Loonie and Sterling, the US Dollar was among the worst performers on Friday.
While the British Pound gained 0.15% against both the Japanese Yen and the Canadian Dollar, the UK currency stayed relatively unchanged relative to the US Dollar and underperformed with respect to the rest of the major currencies.
Commodities were mostly losing value on Friday as only corn and natural gas advanced by 3.4% and 1.5%, respectively. On the side of losers, oil dropped in the range between 1.1% and 1.5%, while additional bearish risks are increasing. Among them, the major investment bank Goldman Sachs cut its 2016 forecast to $49.50 per barrel, down from the previous expectation
The Euro advanced versus all major currencies on Friday of the previous week. At the same time, the highest increase amounted to just 0.65% against the Japanese Yen and Canadian Dollar, while the slowest pace of growth of just 0.1% was registered in the Euro's pair with the Swiss Franc.
The Sterling appreciated against some major peers, amid the BoE's monetary policy remaining unchanged.
The US Dollar declined against most major peers, amid rather poor fundamental data results.
All commodities booked gains on Thursday, with daily positive changes ranging from 0.35% to 3.17%. Thursday's best performer was oil, which spiked at least 2.5% despite a worse-than-expected advance in US stockpiles, which added 2.6 million barrels last week as economists projected only a 0.9 million barrels' rise.
The Euro increased versus the vast majority of other currencies on Thursday, while the only drops against the Kiwi and Aussie were predominantly caused by fundamentals from both New Zealand and Australia. EUR/NZD fell 0.2% as the Kiwi rebounded after suffering from earlier losses amid the RBNZ decision to cut rates.
The Greenback appreciated against most major peers on Wednesday, with a rapid improvement of the global sentiment.
The British Pound experienced mixed performance over the day.
Only except corn, all commodities from our review lost more than one percentage point on Wednesday. Precious metals were driven downwards by positive news from China, where additional stimulus seems to be quite realistic, and traders preferring the riskier assets, such as US Dollar and equities. As a consequence, both gold and silver retreated 1.3% and 1.4%, accordingly.
The shared European currency traded upwards against all but one major currency yesterday, while falling only versus the Swiss Franc by 0.2%. In the meantime, EUR/NZD skyrocketed by 1.9% after the decision of the Reserve Bank of New Zealand to cut the key interest rate by 25 basis points to 2.75%. Moreover, the RBNZ indicated that a further weakening is
The US Dollar posted declines against most major peers, with exception against the Swissie and the Yen.
The Sterling appreciated against most major peers, with exception against the commodity currencies, such as the Aussie and the Kiwi.
Commodities traded confidently in green on Tuesday as all of them posted a positive daily change. Gold advanced the least by 0.2% as the bullion's traders are expecting some important statistics to be published in many countries around the world today.
Euro traded in a mixed environment on Tuesday, while rallying versus three major currencies and losing value against four of them. EUR/JPY gained the most of 1% as the risk appetite is returning to the markets and the Yen's safe-haven status is deteriorating. The same story happened with the Swiss Franc, which lost 0.6% in its pair with the 19-nation
The US Dollar experienced mixed performance on Monday, appreciating against some major peers and declining against the others.
The British currency appreciated against most major peers on Monday, amid investor's sentiment improvements and Chinese stock market stabilisation hopes.
Futures for the international benchmark Brent oil slid 3% on Monday, while contracts for Crude dipped 2.2% yesterday. In the meantime, gold prices saw no change during the most recent trading session as low volatility of the market persisted amid the Labour Day in the US. Other commodities including corn and silver were trading up and down in the range
EUR/CHF benefited the most in the beginning of this week on Monday, as this currency pair added 0.5% in the past 24 hours. The Swiss Franc lost ground after a report on Foreign Currency Reserves of the Swiss National Bank, which rose to a record-high of 540 billion francs in August, providing the explanation for recent weakness of the Swiss
Amid mixed labor market data, the US Dollar advanced against some major peers, but declined against the others.