Market Research: EUR

Source: Dukascopy Bank SA
Euro index was one of the best performers last week amongst currency indices. As aussie and kiwi indices were virtually unreachable it could be said that Euro index was the best performer outside the Pacific region. Euro index spent most of the Monday around base (opening) value. It managed to gain 0.2% on worse than expected US Manufacturing PMI data. It helped the index to end the day 0.22% above the base value. Worse than expected Spanish Unemployment Change and Eurozone PPI numbers dragged the Euro Index to close 0.3% below the base value on Tuesday. Mixed data coming from the US and the Eurozone on Wednesday did not change much. Index closed 0.25% below the base value. 

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