Market Research: EUR

Source: Dukascopy Bank SA
April 28 proved to be a defining day of the period, as the indexes that until then held compactly around the baseline suddenly diverged, putting themselves well into depreciation and appreciation areas. The EUR Index was among those that started to rise, and eventually managed to outpace all of its counterparts. The single currency posted weekly gains of over 1% against seven out of its eight major peers, with the greatest strengthening falling at EUR/JPY and EUR/USD. The only currency to post virtually no losses against the Euro was the krona, whose index got a kick-start from Riksbank's decision to keep interest rates unchanged, and dominated over the single currency's measure until Thursday afternoon.

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