Market Research: USD

Source: Dukascopy Bank SA
Having enjoyed an uptrend alongside the yen's gauge during the pre-referendum week, the USD Index halted its advances in the past period, and after a couple of bounces off the baseline entered the new week back on the July 6 level. Its Japanese peer also finished the period on the base level, thought it did see considerably more action. The JPY Index surged earlier in the week, fuelled by uncertainty over Greece and the plunge of Chinese stocks, and then slumped on Friday as the mood turned positive on Greek negotiations, thus going two points up and two points down in the span of four days. Meanwhile, Friday's developments pushed the EUR and the CHF Indexes up, allowing them to post weekly gains within the top-3 list. In the depreciation area, the Aussie had the bumpiest ride, shaken by the situation in China and falling commodity prices. Thursday's employment data offered the AUD Index some support, but on Friday it slid back to the week lowest levels and ended the period with the greatest weekly loss.

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