Market Research: EUR

Source: Dukascopy Bank SA
As Friday's US data hit the market, the wavering of the currency indexes was replaced by moderate trends, clearly dividing the gauges into losers and winners. The latter group was comprised of the commodity currencies' indexes, which tumbled amid post-release risk-aversion, but jumped into recovery almost immediately. The most successful ones were the Pacific indexes, as the Kiwi's gauge was boosted by the GDT auction, and the Aussie's measure spurted away from the baseline with the confident RBA statement. Meanwhile, the depreciation area accommodated most of the indexes that peaked on the US weak release, as they erased their gains by late Friday and remained below the baseline till the end of the period. The greatest weekly loss was posted by the JPY Index, which moved side by side with the dollar's gauge.

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