Market Research: EUR

Source: Dukascopy Bank SA
The Euro index, few weeks being in the opposite end, was surprisingly one of the best performers last week. It was followed by the Swiss franc index which experienced the same development over the period. Monday was rather calm day, all of the indices, spent the day +/- 0.1% around the base (opening) value. Tuesday's data releases/events pretty much shaped the most of the period for the NZD, AUD and some of the other currencies. The New Zealand dollar gained 1% during the day and closed 1.2% above the base value. The currency hit the highest level since November 3 and was boosted by bullish sentiment on Asian equity markets, despite factory activity in China remaining in contraction.

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