Market Research: USD

Source: Dukascopy Bank SA
USD index, as most of the other currency indices, was a mediocre performer in the period of analysis. Only CAD and NZD indices managed to standout from the crowd. SEK demonstrated clear bearishness earlier in the period, but ended up with the rest of the indices on Monday. USD index started demonstrating clear bullish bias from mid day on Wednesday when it hit the period low (0.15% below the base value) at 10 GMT. Despite the worse than expected numbers earlier in the day, FOMC Meeting Minutes helped USD index to end the day 0.29% above the base value. Thursday did no bring much change as most of the US data came out better than expected.

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