On the background of pessimistic news from the ECB in face of funding cuts for Greek financial system, the Euro dropped considerably yesterday against all but one major currency.
On Tuesday, the single European currency gained ground against all major counterparts, following positive news from Greece.
In the beginning of new working week, the common currency decided to remain rather silent in terms of any movements versus its counterparts, as only EUR/CHF cross exceeded 1% change to grow as much as 1.26% during trading.
The single European currency traded mostly to the downside on the last day of previous week, even though overall changes versus its counterparts did not exceed 1% to either side.
If not the best, then the Euro used to be at least of the most successfully performing currencies on the market yesterday as it gained value against all of its peers.
Even though on Wednesday the Euro traded rather mixed, the bias still remained to the downside.
The shared currency gained strong value during trading on Tuesday as it managed to rise against all main counterparts.
On the first day of the current trading week, the pan-European currency rebounded considerably against its main counterparts.
The long-awaited decision of the European Central Bank to finally launch full-scaled QE in the Eurozone has had a negative impact on the Euro both on Thursday and Friday.
Following the unprecedented move of the European Central Bank to expand its asset purchases, the single currency crashed considerably against its all main counterparts yesterday.
Wednesday of this week used to be a rather positive day for the shared currency which managed to add value against all but two currencies.
On Tuesday of this week the euro traded in different directions against major currencies on the foreign exchange market.
In the beginning of a new working week on January 19, the euro registered a positive change against all but one currency on the market.
During last day of the previous working week, the Euro continued weakening versus the majority of other currencies on the exchange market.
Even though the Euro dropped on Thursday versus all major currencies on the foreign exchange market and a decline versus all of them exceeded 1%, it was far away for being the main market driver.
Yesterday, the shared European currency was mixed in terms of movements against other major market players.
On Tuesday of this week, the single European currency resumed its downward trend it retained for the previous couple of weeks, as the Euro managed to increase in value only against the New Zealand's dollar by 0.07%.
Similar to Friday of the previous week, yesterday the Euro performed in a rather mixed environment for the most part of the day, which was reflected in its daily gains and losses against its counterparts.
In the end of the first full trading week of 2015 ended January 9, the single European currency performed much better than during several days before, even though the overall tendency used to be mixed.
On Thursday, the single European currency continued with its already ten-day long streak of daily losses versus the vast majority of other currencies.
For a ninth consecutive day in a row, the Euro continued declining on a day-by-day basis, as on Wednesday it managed to gain value only against the Japanese yen by 0.31% while declining versus the others.
On Tuesday of this week, the shared currency traded in the mixed environment against its main counterparts, as an increase versus the British pound and Canadian dollar by 0.29% and 0.26% was offset by a more noticeable decline against others.
In the beginning of new working week on January 5, the shared currency was unable to withstand bearish pressure across the board, as it dropped in value against its all major counterparts.
On Friday of the previous week, the single European currency recovered versus the majority its counterparts, even though overall daily changes were rather small.