Market Research: EUR

Source: Dukascopy Bank SA
The EUR Index spent the whole period below the baseline and held steadily among the worst three performers. In this regard, the index ended the period second, deepening the loses of the past periods with a –0.69% weekly change. The longer-term developments also remained on the negative side, with the 18-nation currency showing one of the greatest half-yearly declines among its observed counterparts. The only peer to underperform the Euro was the Swedish krona, whose index was closely following that of the single currency throughout the period, but plunged after disappointing retail sales on Thursday.

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