Market Research: USD

Source: Dukascopy Bank SA
After starting a week at a base value, almost all major currencies ended a period with a high level of divergence, with three currencies posting gains, while six remaining logged modest losses. For a second straight week, the Aussie and loonie were the top performers, adding 0.75% and 1.09% respectively. At the same time, Swedish Krone and New Zealand Dollar recorded losses around 0.6%. Regarding the USD index, the currency logged a 0.29% gain, depreciating only versus two out of 8 major currencies. It is important to mention, that even despite hints of the quantitative easing programme from the ECB, the single currency lost only 0.12%.

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