Gold rose on Thursday as volatility in equity markets sparked safe-haven demand.
The Pound continued to slide down yesterday, sustaining notable losses against all other major currencies.
The currencies except for the Sterling and Canadian Dollar by and large stayed unchanged.
Gold extends yesterday's 1.5% rally amid demand for a haven, as investors purchased the precious metal through funds at the quickest pace in almost six years.
With mixed US fundamental data results yesterday, the Buck experienced mixed performance over the day.
Despite weak Euro Area fundamentals, the single currency outperformed four out of seven its major counterparts.
The British currency extended its declines on Tuesday, sustained rather serious losses against non-commodity currencies.
The US currency experienced mixed performance on Monday, mainly caused by rising oil prices, as losses were seen only against commodity currencies.
With fears of a Brexit growing stronger, the British currency declined against most major peers on Monday.
Although yesterday gold was the most bearish commodity, today it climbed, as Asian equities and the US Dollar declined, with the precious metal also supported by significant inflows into bullion funds.
After a relatively good end of the previous week, the Euro turned out to be one of the mains losers of Monday, giving up as much as 2% against the Aussie and 1.8% against the Kiwi.
Gold continued to decline on Monday as the US Dollar and equities rose. However, the precious metal remained supported by investors' interest amid caution in financial markets.
The US Dollar declined against most major peers on Friday and over the weekened, despite improvements in CPI data.
A strong reading of the UK Retail Sales on Friday helped the Sterling outperform most of other major currencies on Friday and over the weekend, except for the Japanese Yen.
The Euro fares particularly well against the riskier currencies, which implies strong risk-off sentiment.
As risk-appetite increased on Thursday, the British Pound was able to outperform most major currencies, except for the Japanese Yen.
As oil prices declined later on Thursday, the US Dollar was able to outperform the commodity currencies, namely the Aussie and the Loonie.
Gold booked another spike on Thursday, after worldwide equity markets retreated due to falling oil prices. Initially, the day was positive for both risky commodities and stocks.
EUR/CAD and EUR/AUD were the only currency pairs from our daily review to register a positive change. These components were, as usually, driven by oil prices that reversed earlier gains on Thursday and slumped amid an increase in US crude storage.
Even though the FOMC Meeting Minutes were interpreted as rather dovish last night, the US Dollar managed to avoid losses against most major peers.
The Sterling struggled to outperform other major currencies, as it mainly succeeded only against the Swiss Franc.
Commodities spent Wednesday fully in the green territory, as all of them posted successful gains amid weaker American currency and other factors.
Being that oil prices booked daily gains of more than 6% on Wednesday, commodity-linked currencies inched much higher against the Euro.
The US Dollar managed to outperform all other major currencies, except for the Japanese Yen.