Market Research: EUR

Source: Dukascopy Bank SA
After a plunge against the background of the ECB's QE announcement on January 22 and some wobbly movements on the following Friday, the EUR Index rushed through the new week on an uptrend, ultimately becoming the fourth best performer of the period. The single currency posted modest weekly loses against the pound, the yen, and the dollar, whose indexes held in the appreciation area throughout the whole period, but managed to notably outperform the Pacific currencies and the Swiss franc. The latter depreciated against all its major peers, pushing its index to report a substantial loss of 5% over the past five trading days.

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