Optimistic fundamentals from Canada failed to provide the Loonie with positive momentum in its pair with the Euro. As a result, EUR/CAD cross rallied 0.59% and was outperformed only by the EUR/CHF currency pair, which added 0.6%.
The Greenback experienced mixed performance on Thursday, as it declined against some major peers and appreciated versus the others.
The British Pound was one of the worst-performing currencies on Thursday, as the MPC Official Bank Rate Votes disappointed.
Oil is facing a steep weekly decline, while losses continued to be registered back on Thursday. Crude was down by 1% to trade below the $45 mark, while Brent fell 0.22% and therefore stayed under the level of $50 per barrel. Main reasons for a recent drop in prices are oversupply and strong US Dollar.
The Pound depreciated noticeably against the Euro on Thursday, by losing as much as 0.76%. As expected, the British currency stayed volatile after the massive release of a bunch of data, which included the official rate from the Bank of England, MPC meeting minutes and the Quarterly Inflation Report. Among them, the MPC vote split disappointed, as only one member
The US Dollar experienced mixed performance over the day.
The Sterling was one of the best-performing currencies on Wednesday, as it appreciated against most major currencies.
Commodities recorded somewhat mixed development in the past 24 hours. Among gainers, corn and silver rallied 1.06% and 0.31%, respectively. Gold remained broadly unchanged, while market participants are waiting for a report on US non-farm payrolls tomorrow.
The single European currency was up against the majority of its peers yesterday, including the Japanese Yen and Australian Dollar, which rallied the most by 0.55% and 0.52%, accordingly.
The US Dollar appreciated against most major peers, amid one of the Fed officials backing the view of a September rate hike.
The British currency experienced mixed performance over Tuesday.
Commodities traded in green on Tuesday, as all of them managed to show at least some positive daily change. Among them, oil prices have partly erased losses from Friday and Monday, when a plunge was reaching 3-4%. Yesterday, however, an increase amounted to just 1%; therefore, any stronger recovery is an issue for the long-term.
The biggest gainer of the previous day was the Aussie, which rallied almost 2% versus the common European currency. The Australian Dollar reacted in a positive way after the Reserve Bank decided to keep its interest rates unchanged.
The Sterling experienced mixed performance over the day with rather serious losses.
Despite poor US ISM Manufacturing PMI data, the Greenback appreciated against most major peers yesterday, with exception versus the Yen, as it lost 0.07%.
Commodities were under pressure in the beginning of a new working week. Only natural gas managed to rally 0.47%. On the contrary, oil continued to slide on Monday, with losses ranging from 3% to 4% for different types of this commodity.
On Monday, the Euro traded mainly flat versus the majority of other global currencies. Among them, the current review does not include the early-Tuesday decision of the Reserve Bank of Australia to keep interest rates unchanged, when the Aussie climbed noticeably.
The Greenback appreciated 0.92% against the Loonie and 0.42% versus the Kiwi, while suffering losses against other major peers.
The British currency experienced mixed performance over Friday and the weekend.
Oil prices crashed more than 3% during the trading session on Friday. Iranian officials confirmed they are ready to boost production as soon as possible, thus hitting already oversupplied oil market. Meanwhile, natural gas and corn followed with a drop of 1.51% and 1.3%, accordingly. On the other hand, gold recovered 0.39%, while silver was broadly unchanged on a daily
The single European currency gained the most against the Loonie and Kiwi on Friday, by rising 1.17% and 0.65%, respectively. Other crosses of the Euro traded in a quieter manner, as their positive changes did not exceed 0.25%.
The US currency was one of the best-performing currencies on Thursday, as it appreciated against most major peers, with exception against the Sterling.
Commodities were out of favour yesterday.
The Sterling remained as one of the best-performing currencies on Thursday, as it advanced against most major peers.