The US currency declined against most major peers on Monday, as some Fed officials backed the view of a rate hike delay.
The British currency experienced mixed performance on Monday, as it appreciated against some major peers and declined against the others.
The Euro failed to build on Friday's success and keep appreciating like the Australian Dollar. Instead the common currency lost 0.45% against the Kiwi and 0.33% against the Aussie, even though there were no negative fundamentals yesterday.
Precious metals were in great demand on Friday. While silver appreciated 0.93%, the yellow metal gained more than 1.5%, leaving the rest of the commodities far behind. Meanwhile, corn lost the most ground, plummeting almost 2.2% within a single day.
The US Dollar sustained losses against most major currencies, with exception versus the Yen and the Sterling.
The European currency was among Friday's the top performers. It appreciated around 1% against the Yen and the Pound. In terms of bullishness the Euro was second only to the Australian Dollar: EUR/AUD fell 0.34%.
The Sterling declined against most major peers on Friday and over the weekend, amid worse-than-expected Trade Balance figures.
The Fed failed to provide relevant information to this year's possible interest rate hike, which caused the Greenback to decline against other major currencies.
The British Pound suffered losses against most major peers, with the largest ones recorded against the commodity currencies.
Commodities were equally divided between gainers and losers yesterday. The major market maker was oil, which eroded all losses from the previous trading session and skyrocketed by 3.4% on Thursday. At the moment Crude is already hovering above $50 per barrel, while Brent has just surpassed the $54 mark.
EUR/USD was the best performing currency pair on Thursday, helped by Fed meeting minutes released yesterday evening. They revealed worries among FOMC members concerning the inflation outlook and were therefore assumed as rather dovish. This currency pair gained 0.35%, while EUR/JPY followed with a climb of 0.28% due to post-BoJ reaction on decision to keep stimulus amount unchanged. In the
The US Dollar experienced mixed performance on Wednesday, as it appreciated against some major peers and declined against the others.
The Pound appreciated against most major peers on Wednesday, amid a better-than-expected Manufacturing Productions report.
Commodities showed no united trading dynamics during the market session on Wednesday. On the side of gainers, silver and natural gas added 1.1% and 0.2%, accordingly. However, all other commodities traded mainly in red, with oil leading the side of losers. Following a sharp climb in value on Tuesday, oil prices were down up to 1.5% yesterday amid a larger-than-forecasted
The Euro advanced only against the Swiss Franc on Wednesday as risk-seeking market sentiment weakened demand for the safe-haven currency. Oil prices continued to drive commodity currencies to the north, with Kiwi and Aussie registering a daily gain of 1.3% and 0.9%, respectively. The Canadian Dollar, however, rose just 0.13% versus the common European currency.
The Greenback declined against most major currencies, amid a worse-than-anticipated Trade Balance figures.
The Sterling experienced mixed performance on Tuesday, amid the Halifax HPI declining more than anticipated.
Commodities had one of the most bullish days in recent history on Tuesday. Only one of them failed to gain more than one full percentage point. The unconditional leader was oil, which skyrocketed by around 5% on a daily basis. Prices extended their revival due to a plunge in the total number of US rigs.
The Euro took profit from weak fundamental background across the world on Tuesday. US trade balance dropped more than projected in August, which resulted in the Dollar's loss of 0.75% against the common European currency. On top of that, hawkish comments from the San Francisco Fed President John Williams failed to reverse the downward trajectory of the Greenback.
The US Dollar declined against commodity currencies, while managing to appreciate against other major peers on risk appetite.
The Sterling declined against most major peers, amid a weaker-than-anticipated Services PMI reading yesterday.
On Monday a robust increase in value was posted by all but two major commodities included in our daily review. We could observe divergence between prices of precious metals as gold was down 0.25% (worst performer), while silver surged as much as 2.6% and turned to be the major beneficiary.
Commodity currencies benefited the most from rising oil prices on Monday, and they all increased in value against the single European currency. The Kiwi surged by 1.2%, while Australian and Canadian dollars were up by 1% and 0.8% versus the Euro. One more depreciating currency pair was the most popular EUR/USD cross, which fell by 0.25%.
The a lot worse-than-anticipated US Non-Farm Payrolls data caused the US Dollar to suffer heavy losses against most major peers.