Market Research: EUR

Source: Dukascopy Bank SA
Euro index was one of the worst performers in the period of analysis managing to clearly surpass only Swedish Krona and coming almost at par with Swiss frank. Clear indication of the underperformance is the fact that euro index spend only 1/3 of the period at or above the base (opening) value. Even when it managed to climb above it, the index could not advance higher the 0.21% level. Despite the range of Eurozone related events and data releases on Friday and Monday the Euro index remained around base value. It peaked till the period high, 0.21% above the base value, after worse than expected US Flash Manufacturing PMI data came out on Monday, but started to trail lower afterwards.

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