Market Research: USD

Source: Dukascopy Bank SA
The past week was mostly successful for the Greenback. A host of positive news on U.S. economy drove the currency up and USD finished the week as the best performer and advanced against all its counterparts. CAD, in turn, was losing against the background of declining oil prices, thus becoming the worst performer with 0.51% loss of the index over the period. The Aussie and the pound, which fell shortly after lower-than-expected UK Markit Manufacturing PMI release on Friday, finished the week on the same -0.5% level. However, the most conspicuous currency movement was Swedish krona drop after disappointing GDP release on Wednesday, but SEK had fully recovered for the week end.

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