Market Research: USD

Source: Dukascopy Bank SA
An abundance of high importance economic data releases were shaking markets over the last week. The most remarkable event was the ECB press conference, however, the most impressive changes posted the Swedish Krone and Japanese and Canadian currencies. An improvement in Swedish industrial production and a pickup in new manufacturing orders, caused a massive market reaction, resulting in a 0.9% appreciation. In contrast, the Japanese Yen failed to gain from its safe-haven appeal and due to revival of stimulus expectations the currency declined 0.86%. Disappointing trade balance and a 7.0% unemployment pushed the loonie 1.02% lower.

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