Market Research: EUR

Source: Dukascopy Bank SA
After a plunge amid more favorable data from the US and anticipation of further action by the European Central Bank on January 22 and some wobbly movements on the following Friday, the EUR Index rushed through the new week on an uptrend, ultimately becoming one of the best performer of the period. The single currency posted modest weekly loses against the pound, the Canadian dollar and the krona, whose indexes held in the appreciation area throughout the whole period, but managed outperform notably the Pacific currencies and the Swiss franc.

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