Market Research: EUR

Source: Dukascopy Bank SA
After a some positive movements in the beginning of the week, the Euro seemed to settle for a downtrend in the past three trading days. The single currency weakened against six of its eight observed peers, most notably against the Australian Dollar that added its own strengthening to the Euro's decline. However, the EUR Index was not the one to posting the greatest loss among the observed gauges, the New Zealand Dollar, and the Swedish Krone outperformed the single European currency in its looses. Meanwhile, the most dynamic days of the period were Wednesday and Thursday, when the biggest amount of economic announcements was released.

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