Market Research: EUR

Source: Dukascopy Bank SA
The Euro index continued to strengthen the tendency of decline throughout the week, moving in the narrow band between 98.9 and 100.0. It reached its lowest point on Thursday morning, losing more than one per cent of the initial value. The index was highly affected by  European Central Bank President Mario Draghi comments who underpinned expectations for further stimulus, possibly as soon as next month. Nevertheless, later on, the index started its slow growth and climbed to 99.81 points mark by Friday. The EUR index managed to outperform other indices in terms of the Thursday's development showing the biggest grow. With that the EUR index significantly outranged the JPY and the SEK indices, and took the lead over its AUD and NZD.

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