Market Research: EUR

Source: Dukascopy Bank SA
Euro was one of the best performers last week. It came virtually at par with Swiss franc and greenback and was surpassed only by the Great Britain Pound and the Canadian Dollar. All of the other currency indices lagged at least 0.2% behind the Euro. From the very beginning Euro index showed strong commitment to be amongst the best performers in the period. It ended Friday 0.13% above the base adding additional 0.11% on Monday. Tuesday brought a bit of a surprise, despite better than expected data from Eurozone the Euro index trailed lower. It might be that worse than expected German Unemployment Change had impact on it.

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