Market Research: EUR

Source: Dukascopy Bank SA
The EUR Index slowed down in the descent that took off on April 6, but continued to move in a downward direction, finishing the period below most of its peers. The only currency to lose to the Euro was the Greenback, whose weakening began with disappointing retail sales on Tuesday and was further supported by negative manufacturing index and worse-than-expected industrial production reported on Wednesday. On the other side of the baseline, the Canadian dollar took the lead after Governor Poloz's optimistic comments at the BoC press conference. The index gained 1.8 points in two and a half hours and ended up more than 1 point above its closest peer.

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