Market Research: EUR

The beginning of the last week the Euro stayed buoyant. Within the first three days the common currency even appreciated 0.3%, even though its main counterpart, the U.S. Dollar, has been on the constant rise since Oct 28 despite weak fundamentals. Apparently, the market participants gave the Euro the benefit of the doubt ahead of the important macroeconomic releases that concerned inflation and the unemployment rate in the bloc. However, the data published on Thursday did not meet the expectations—the price level grew at a slower pace than expected and the labour market did not experience awaited improvement.