Market Research: EUR

Source: Dukascopy Bank SA
As panic around the Greek debt issue subsided with the attainment of a deal, the previous weeks' market shakers got replaced by the new main performers. Thus, the yen's rally turned into a downfall on July 9, and while the JPY Index hung between -1.5% and -1%, the pound's gauge took its place at the top. After sliding on Wednesday, July 8, the GBP Index picked up on Friday, and pulled well ahead of its peers at the open of the new week. The next days only widened the gap, as the pound was boosted by the BoE Governor's comments on proximity of a rate hike, the index finished the period with a 3% gain. The period's second-best performer was the USD Index that got a push from Yellen's reassuring speech and some positive data on Wednesday. The same day brought the Kiwi's and the Loonie's gauges down, with the former weighted down by Yellen's comments and falling milk prices, and latter plunging with the BoC rate cut.

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