Market Research: EUR

Source: Dukascopy Bank SA
The past period was a dynamic one for the observed currencies, packed with wide moves and direction changes. The broadest downslide was suffered by the Frank gauge on Wednesday. Another impressive plunge happened to the USD Index. The dollar remained broadly lower since major oil producers failed to reach an agreement on an output freeze. Meanwhile, a meeting of the world's major oil producers in Doha, Qatar on Sunday ended without an agreement on curbing production intended to prop up prices. The JPY Index was one more gauge to go through a sharp fall, as it lost -0.37% points in half an hour on the UK CPI data released on Tuesday.

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