The US Dollar took advantage of falling oil prices and outperformed the Canadian Dollar on Wednesday.
The Aussie weakened against the US Dollar on Wednesday, mainly due to positive US fundamentals and hawkish comments of Fed officials.
The EUR/JPY cross retreated again on Wednesday, but with trade once again closing near the monthly PP.
Gold sank the most since July 2015 yesterday, by coming down from the 1,250 area in the beginning of daily trading to below 1,220 later.
The USD/JPY pair was unable to sustain growth yesterday, resulting in the exchange rate remaining flat over the day.
‘Brexit' fears continued to weigh on the British Pound, even causing it to plunge under the monthly PP yesterday.
EUR/USD eased for a fourth consecutive working day on Wednesday, but scope of losses remains insignificant.
The NZD/USD trade was subdued on Tuesday, as the exchange rate remained caged in a tight range between 0.6747 and 0.6759.
The Greenback experienced the anticipated decline yesterday, but losses failed to exceed 60 pips, as the immediate support slowed down the decline.
The support, formed by the weekly PP and the monthly R3, caused the AUD/USD currency pair to rebound on Tuesday, but the impetus was insufficient to climb too high above the 0.76 psychological level.
The Euro managed to preserve the ascending channel pattern, as the pair recovered from its intraday low, caused by explosions in Brussels, and ended the day with a 16-pip rally, having retaken the 126.00 level.
The bullion's activity is very high this Wednesday morning.
The Greenback extended its gains against the Yen on Tuesday, breaching the immediate resistance in face of the weekly PP.
Upon retaking the 1.44 psychological level on Tuesday, the Pound suddenly made a U-turn and slumped to 1.42, amid the events in Brussels.
Inside the current triangle pattern (boundaries at 1.1310 and 1.0860), EUR/USD is now descending to the South.
The New Zealand Dollar weakened against the Greenback on Monday according to expectations, unable to fully breach the support cluster around 0.6750.
The American Dollar climbed more than 100 pips higher against its Canadian counterpart, amid hawkish comments of Fed officials on Monday.
The Australian currency failed to maintain trade above the 0.76 mark on Monday, but the immediate support in face of the weekly PP and the monthly R3 kept the AUD/USD from edging lower.
The bearish momentum appears to be prevailing today, pushing the EUR/JPY cross lower.
Gold has formally broken the long-term uptrend line near 1,245 yesterday, but it has a chance to show the bulls remain active.
The USD/JPY currency pair extended its recovery yesterday, reaching the 112.00 major level.
On Monday the Sterling experienced the expected corrective decline against the Buck and returned below the 1.44 major level.
Fluctuations of the most traded FX currency pair were quite limited on Monday, mainly owing to emptiness of the economic calendar.
The NZD/USD slightly exceeded expectations, as the expected correction pushed the pair slightly below the 0.68 target last Friday.