Market Research: USD

Source: Dukascopy Bank SA
The USD Index failed to hold the position it won during the May 26-29 upsurge, and spent the first week of June mostly below the baseline and among the worst performers. The Euro's gauge, on the other hand, continued with the pattern of strengthening. Backed by encouraging inflation data, the ECB's assurances, and hopefulness of the time over the Greek negotiations, the EUR Index went into a three day rally and, together with its Swedish peer, posted the only solid positive change in the past period. Meanwhile, the franc's measure, which was moving in tandem with the Euro's during the previous period, fell behind and spent the week at the baseline.

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