Market Research: EUR

Source: Dukascopy Bank SA
The past week was very stable for the single European currency. Throughout the period the Euro Currency Index was, on average, at the 100.01 level, almost at the base value. The biggest deflection from the norm was on Tuesday, when the US durable goods orders surprised the market to the downside. Moreover, compared to the other currencies the Euro also was the most ‘peaceful'. On Thursday the Euro index was dragged lower by the disappointing inflation data from Germany; however, also this reaction was somewhat subdued.

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