Market Research: USD

Source: Dukascopy Bank SA
During the past week all of the attention was focused on the situation with devaluation of the yuan. The so-called "one-time correction" in the yuan did not go unnoticed for the Pacific currencies. Thus despite optimistic speeches from the RBA, the Aussie and the Kiwi finished the period with the 0.99% and 1.76% loss, respectively. The Greenback's result was not much better, and after the positive tendency of the two previous weeks, the US dollar lost 0.6% in the past period. The period was quite successful for the European currencies, as their indexes finished the week above the 100-points level. The greatest gain was posted by the SEK Index, which jumped well above its peers after the Swedish CPI release.

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