Market Research: EUR

Source: Dukascopy Bank SA
The Euro index was rather stable past week, and even spent the most of the time above the baseline. However on Wednesday, the single European currency was induced by the Federal Reserve's rate hike, as investors digested details of the subsequent press conference, pushing the euro closer to the $1.10 level. The dollar, which showed the downward trend, on the contrary, began to grow stronger and became the leader of the period (+1.02%). The much less fortunate were the pound, the Aussie, and the Canadian Dollar, whose indexes formed the top 3 losers and dropped by 0.63, 1.03 and 1.27 points, respectively.

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