Market Research: EUR

Source: Dukascopy Bank SA
Index activity picked up in the past trading days, and most notably so for the Euro's gauge that climbed to almost 103 points and finally posted the greatest weekly gain after a very sluggish May. Following the general pattern of the EUR Index during the week and eventually coming in second-best was the krona's gauge. Similarly to the Euro's measure, the SEK Index had its sharpest surge on Wednesday afternoon, jumping from below the baseline to 101.5 points in three hours. Meanwhile, most of the other gauges dipped, with the USD and the CAD Indexes acting as the downslide leaders, their moves enhanced by disappointing US ISM non-manufacturing PMI, and wider-than-expected Canadian trade deficit.

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