The US consumer spending strengthened in December amid higher demand for services and goods, though an increase came at the cost of savings, which fell to the lowest level in 10 years in a worrying sign for future economic growth and consumption.
After the weekend the yellow metal's price remained near the 1,350 mark. However,
The US Dollar continued to lose ground against the Japanese Yen in the previously set medium term channel down pattern.
The Sterling jumped against the Dollar, after the preliminary Britain's GDP report showed that the country's economy accelerated growth pace more than anticipated by the end of 2017.
The EUR/USD currency pair revealed a regular 9 base point gain, despite the report showing an unexpected slowdown in the US economy.
Due to a speech given by Donald Trump at the World Economic Forum,
The decline of the US Dollar against the Japanese Yen has gained some breath due to a fundamental event.
The Euro growth was muted against the Greenback on the ECB interest rate decision announcement.
The British Pound appreciated against the US Dollar on the official UK labour market data.
The long awaited passing of the 1,350.00 level has occurred.
The junior channel down pattern of the USD/JPY currency exchange rate has managed to break the dominant descending channel.
The British Pound appreciated against the US Dollar on the official UK labour market data.
The decline of the US Dollar had continued by Wednesday morning.
The decline of the US Dollar had continued by Wednesday morning.
On Wednesday the long expected surge up to the 1,350 mark had resumed.
On Wednesday morning the currency exchange rate finally reached the 110.00 mark.
As the US Dollar continued to lose value against the rest of the financial markets, the GBP/USD currency exchange rate has surged and reached the 1.40 mark.
On Tuesday morning the commodity price had begun a surge.
On Tuesday the currency exchange rate remained near previous levels, as the pair
The US Dollar was slightly weaker against the Euro in the wake of the country's real estate market data.
The British Pound fluctuated against the US Dollar after the UK retail sales report, falling initially by 4 base points to the 1.3916 mark.
The yellow metal on Monday traded in the same range as on Friday.
On Monday morning the US Dollar continued to decline against the Japanese Yen.
The British Pound fluctuated against the US Dollar after the UK retail sales report, falling initially by 4 base points to the 1.3916 mark.