Market Research: EUR

Source: Dukascopy Bank SA
The Euro Index spent the past five trading days recovering from its more than 1% slump on September 4, when ECB's unforeseen decision to cut interest rates shook the single currency. In the course of the past period, the Euro managed to regain its pre-fall positions against most of its peers, lacking in strength only in pairs with the Greenback, the pound, and the Canadian dollar. As a result, the EUR Index finished the period as second-best, posting a virtual tie with the USD measure and largely outperforming its other observed counterparts. The longer-term index change remained negative, but notably improved compared to the previous readings.

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