Market Research: EUR

Source: Dukascopy Bank SA
The past period was hugely successful for the British pound. Spending the first three days at the base level, the GBP Index surged to 101.5 right after the UK BoE minutes were published. From there on, the Index held well above the baseline and maintained the leading position. The week was much less fortunate for the Asia-Pacific currencies and the Swedish krona. Thus, during the April 22-23 Asian session, the Kiwi's measure has lost more than 2 points and became the main loser of the period. The krona, in turn, held below its peer currencies for the whole period. Among other currencies, the franc suffered the sharpest downslide when the SNB announced a cut in exemptions from its negative rate policy. The CHF index reached the week's minimum of 98.7, but pared the losses almost as swiftly as it incurred them, and ended the period with a 0.14% gain.

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