The Sterling's performance somewhat improved, as it posted rather solid gains against some commodity currencies and the Swiss Franc.
Gold prices have copied Crude and Brent oil at the very beginning of this working week. Broad weakness is dominating the commodity complex at the moment, and a similar situation is estimated to be in place for most of next year.
Monday was a rare day of the year when completely no fundamentals were published in all G8 countries except Japan. There were Bank Holidays in Britain, Canada, Australia and New Zealand, as they followed a long Christmas weekend.
The US Dollar suffered moderate losses against most major currencies during Christmas holidays.
Over the Christmas holiday the Sterling declined against most major peers, with exception against the US Dollar and the Loonie.
Commodities strengthened in course of Thursday, a last trading day of the previous week. Natural gas surged by 2.3% during the session, following encouraging US stockpiles report.
The Euro finished its pre-Christmas trading in a mild positive trend versus other G10 currencies. Though, some components registered only a marginal increase of three, four or five basis points.
In the wake of mixed US economic data results on Wednesday, the US Dollar experienced mixed performance.
The British currency appreciated against most major peers on Wednesday, amid the gap between imported and exported goods and services being narrower.
The majority of commodities posted a healthy rally on Wednesday of this week. Probably, the most watched and interesting component was oil in the past 24 hours.
The common European currency traded down across the board on Wednesday of this week. We saw the Euro losing just 0.08% versus the Swiss Franc, as the EUR/CHF cross is usually considered to be the least volatile component from our review.
Revised US GDP and a lot worse-than-expected US Existing Home Sales data caused the Greenback to decline against most major peers yesterday.
The British Pound suffered for an extra day yesterday, as the poor Public Sector Net Borrowing data weakened the currency against most major peers.
Both energy and precious metals traded in a completely undecided environment on Tuesday. Separately, Crude oil rallied by almost one full percentage point, while Brent dipped by 0.7%.
The British Pound was a clear loser on Tuesday of this week, following a strongly disappointing public sector borrowing data. EUR/GBP surged by 0.8%, after the report revealed that the UK Government borrowed 14.2 billion pounds in November of this year, up from revised 6.7 billion pounds in October.
The US Dollar suffered the against the Euro and two of the commodity currencies, namely the Aussie and the Kiwi.
The Sterling was one of the worst-performing currencies on Monday, as it declined against most major peers.
Natural gas prices posted an extraordinary surge on Monday of this week, by rallying more than 8% over just one trading session, the strongest day-to-day growth since January. This component was boosted by cold US weather forecasts, which is likely to raise demand for the heating fuel.
The Euro traded in a relatively tight range against the other G10 majors on Monday, given that the majority of this week's fundamentals are set to be published starting from Tuesday.
The Buck declined against most major currencies on Friday and over the weekend, but managed to appreciate 0.04% against the Sterling and 0.14% versus the Loonie.
The British currency declined against most major peers on Friday and over the weekend, with exception versus the Loonie, adding 0.11% against it.
Oil was the only commodity to trade in red on Friday, as the supply-driven story continues to spread across the markets. Investors are worried that demand will fail to cope with rising supply in 2016, meaning this factor will continue to create the bearish bias for prices.
Friday fundamentals disappointed markets across the board, with worse-than-expected data published in Japan, Euro zone, Canada and US.
The US Dollar advanced against all major peers on Thursday, as the markets fully comprehended the Fed's statement on Wednesday.