Market Research: USD

Source: Dukascopy Bank SA
USD index ended the last week in a negative territory, posting a 0.51% depreciation, as gains versus the single currency, Yen, Franc and Swedish Krone were almost unremarkable (except SEK), while loses against other major currencies were more noticeable. The Australian Dollar was last week's top performer, adding more than 2% to its base value as even despite a lack of fundamental data, comments from Australian policymakers provided a significant boost to the currency. RBA's Governor highlighted positive developments in the economy, saying the transition phase from mining-led demand is moving to its end. Central bank's comments are pushing the Aussie higher for the fourth consecutive week. 

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