Market Research: EUR

Source: Dukascopy Bank SA
The Greek debt deal continued to be the central issue during the past week. The Greek crisis had a particularly strong impact on the yen, which acted as a safe-haven currency and surged up over the weekend, gaining 1.7%. The rise of the yen has continued till the end of the period, making it the week's best performer with a 1.79% gain. The period was much less successful for the Kiwi and the Swedish krona, which were the main losers and ended the week with 1.53% and 1.47% loss, respectively. The decline of the krona was caused by the Riksbank's decision to lower the interest rate from -0.25% to -0.35%. The drop of the Kiwi, in turn, was provoked by a number of events, particularly by the ANZ Business Confidence and the fall of the bi-weekly milk auction.

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