Market Research: EUR

Source: Dukascopy Bank SA
The main event of the past period can be summed up in three words: Thursday, Swiss franc. The historical safe-haven currency stole the spotlight after the SNB unexpectedly dropped the triennial cap of 1.20 Euro on the franc, and its Currency Index soared to unprecedented levels of over 110 points. Other majors were left far behind, and the yen's gauge was the only one that managed to hold above the baseline after the event. The single currency took the hardest blow, as it's index posted a record 4% weekly loss. The Loonie and the Swedish krona were not far behind, with their gauges ending the period 3.8% and 3.7% below the baseline.

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