Market Research: EUR

Source: Dukascopy Bank SA
The past week marked a turning point for almost all observed currencies, as the leaders of a few previous weeks became the losers, whereas the underdogs pulled ahead. After the ECB fuelled fall last Thursday, the Euro turned to recovery, and its index became the best performer of the period, gaining 1.25%. Meanwhile, the JPY Index, which was the leader in the two previous periods, dropped with the disappointing Japanese Eco watchers survey released on Tuesday. From there on the yen's gauge continued to decrease and finished the period with the second greatest loss. The Aussie, in turn, broke the series of unlucky weeks, and gained 0.79%. The Kiwi followed its Australian counterpart till Wednesday evening, when it was pushed down by the cut of the RBNZ interest rate, causing the NZD Index to post the worst result among its peers.

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