The New Zealand currency rallied against the US Dollar for another day yesterday, reaching a fresh 2016 high of 0.6860.
The USD/CAD currency pair misbehaved on Thursday, as it plunged below the expected target of 1.30.
The Aussie had another day of good performance yesterday, as it climbed over the 0.76 major level and established a new eight-month high of 0.7647.
The EUR/JPY currency pair remained relatively unchanged on Thursday, but with the bearish momentum still prevailing with a 27-pip decline.
Gold's intraday gains were extending beyond the 1,270 mark on Thursday, but the bears consolidated their power and made prices suffer.
The USD/JPY currency pair slumped for the fourth consecutive day yesterday, retaining its post-Fed weakness.
On Thursday the Sterling skyrocketed against the US Dollar, meeting resistance only at the third target, namely weekly R1 at 1.4510.
EUR/USD rallied for a second day in a row on Thursday, owing to weaker US Dollar in the wake of dovish Fed decisions a day before.
The Greenback's decline against its Canadian counterpart somewhat broke through the target support area, leaving only the lowest level of the cluster, namely the monthly S2, to limit the losses yesterday.
On Wednesday the Aussie appreciated against the American Dollar, erasing Monday's and Tuesday's losses, due to the Fed's dovish statement and an increase in oil prices.
Due to the Fed's dovish statement on Wednesday, the New Zealand currency soared against the US Dollar, completely negating this week's losses.
The Euro strengthened against the Japanese Yen on Wednesday, amid the BoJ leaving its interest rate policy unchanged.
The bullion commenced a reliable recovery on Wednesday, owing to softer than expected rate projections from the Fed.
The Fed's dovish statement weakened the US currency on Wednesday, allowing the Yen to push the pair beyond the triangle pattern's support line.
The British Pound managed to recover from its intraday low yesterday, amid a dovish Fed statement.
The Federal Reserve turned somewhat bearish on monetary policy yesterday, therefore leading to weaker Greenback and uplifted EUR/USD cross.
Trouble in the New Zealand's dairy sector triggered a 75-pip decline in the NZD/USD currency pair yesterday.
Even though the US Dollar strengthened against its Canadian counterpart on Tuesday, the risk of a bearish outcome is higher today.
The Australian currency has been declining against the US Dollar ever since it touched the 0.76 major level on Monday.
Although the Euro edged closer to the 125.00 major level, the EUR/JPY cross was unable to maintain trade that low, as demand at 126.66, namely the monthly PP, proved to be too strong to pierce.
The bullion switched into the wait-and-see mode, before the Federal Reserve is getting ready to announce its monetary policy decision later on Wednesday.
The BoJ retained its negative rate policy yesterday and, thus, strengthened against the US Dollar, causing the USD/JPY currency pair to drop 65 pips.
The Sterling suffered a rather serious decline against the US Dollar on Tuesday, as fears of a ‘Brexit' returned.
Even though the most traded FX cross was little changed on Tuesday, trading volume surged to one of the highest levels in about 30 days.