Market Research: EUR

Source: Dukascopy Bank SA
Euro index was one of the best performers last week. GBP came at pat and only the USD and the CAD index managed to post slightly better, 0.15% and 0.09%, respectively, results. Almost from the very beginning of the period it started showing rather strong bullish bias. At the end of Friday it was already 0.27% above the base value. Even worse than expected Eurozone CPI data on Monday did not manage to negate this trend, just to pause it for some time. However, it resumed appreciating on Tuesday and continued to do so till the Wednesday noon. That's when worse than expected Eurozone final GDP and PPI numbers came out. However, the impact was very marginal. 

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