The British currency experienced mixed performance on Tuesday in spite of a strong reading of UK Construction PMI, appreciating against some major peers, but also declining against the others.
Given that uncertainty surrounding Chinese economic stability continues to be kept in mind by investors, both precious metal including gold and silver are managing to benefit from such conditions.
The Euro was down across the board on Tuesday, the second trading session of this year. The Yen continued to benefit the most from turbulent equity markets around the world. Investors are seeking for safety amid turmoil and negative statistical data coming from China.
Despite a poor reading of the ISM Manufacturing PMI, the US currency was able to post gains against other major peers.
The Sterling experienced mixed performance on Monday, as fundamental data provided mixed results as well.
Precious metals were supported by a flight to safety across the board on Monday, as both gold and silver booked healthy gains in course of the first trading session this year. The yellow metal was the day's best performer with an increase of 1.3%, while silver added 0.4% yesterday.
Weakness in the commodities sector pushed Australian, New Zealand and Canadian dollars to the downside against the Euro on Monday, the first working day of 2016.
During the New Year's holiday the US Dollar appreciated against most major peers, with exception against the Yen and the Aussie.
Over the New Year's weekend the British currency declined against most major peers, with exception against the Swiss Franc and the Euro.
Geopolitical tensions in the Middle East region paved the way for a rally among different commodities including precious metals and oil. The latter skyrocketed by more than 3% for Crude, while Brent added almost 5% on Thursday and during the early Monday trading.
The Euro bounced back against the Swiss Franc on Thursday of the last week, but at the same time it failed to continue growing with respect to other G10 currencies.
Although the US Dollar appreciated against most major peers, losses were still detected against the others.
The Sterling experienced mixed performance on Wednesday, as it appreciated against some major peers and declined against the others.
Natural gas has partly erased strong gains from the several previous trading sessions, even despite positive weather forecasts which suggest that colder temperatures are coming to the US. Market concerns are again building around oversupply and weak demand next year.
The common currency traded mainly in green on Wednesday; however, tumbling volumes of trading led to little changes for any of the components.
Despite rather strong US fundamentals on Tuesday, the Buck failed to appreciate against some major peers.
The British currency's performance on Tuesday was rather grim, as it mostly declined against other major peers.
Natural gas continued to be the leader in terms of daily price gains. It surged further by 5% on Tuesday and by 35% over the past seven trading sessions.
The Euro was reversing earlier gains during the whole trading session on Tuesday. The sharpest losses were registered against all commodity-related currencies including the Aussie, Loonie and Kiwi.
The Greenback experienced mixed performance at the beginning of the week, as it appreciated against some major peers, but declined against the others.
The Sterling's performance somewhat improved, as it posted rather solid gains against some commodity currencies and the Swiss Franc.
Gold prices have copied Crude and Brent oil at the very beginning of this working week. Broad weakness is dominating the commodity complex at the moment, and a similar situation is estimated to be in place for most of next year.
Monday was a rare day of the year when completely no fundamentals were published in all G8 countries except Japan. There were Bank Holidays in Britain, Canada, Australia and New Zealand, as they followed a long Christmas weekend.
The US Dollar suffered moderate losses against most major currencies during Christmas holidays.