Highlights of the latest Market Research release on EUR.
Full research available here.
The past week was unfavourable for the observed European currencies. The EUR Index lost 0.74% over the period, with the single currency posting losses against all its peers but the Swiss franc and the Swedish krona. The pound was the only European currency with a positive change (0.02%). Meanwhile, the Greenback became the leader of the week. The rise of its index started on Monday, against the background of the Euro’s fall caused by the Greek issue. Despite the disappointing US durable goods orders data, the next day was even much more successful for the Greenback, and the USD Index reached its maximum value of the week (101.43).
In spite of the fact that the period was rich with influential economic events, the market volatility during the period was mostly below the historical level and slightly exceeded it only in 11% of time. In absence of notable economic releases from the Pacific region, the Kiwi and the Aussie became the most tranquil against the turbulent historical background, and their indexes spent only 2% of time above the 1-level line. Steady depreciation of the single currency in reaction to the Greek issue discussion did not raise the Euro’s volatility significantly above the historical level and left the currency among the calmest ones.
The Euro’s significance measure was very unstable during the past week. The gauge had several ups-and-downs and was fluctuating between 0.36 and 0.69. However, the average of the measure, as well as those of the EUR/USD components, remained practically unchanged compared with the previous values. Thus the average of the aggregate has gained only 0.04 points.
Full research available here.
The past week was unfavourable for the observed European currencies. The EUR Index lost 0.74% over the period, with the single currency posting losses against all its peers but the Swiss franc and the Swedish krona. The pound was the only European currency with a positive change (0.02%). Meanwhile, the Greenback became the leader of the week. The rise of its index started on Monday, against the background of the Euro’s fall caused by the Greek issue. Despite the disappointing US durable goods orders data, the next day was even much more successful for the Greenback, and the USD Index reached its maximum value of the week (101.43).
In spite of the fact that the period was rich with influential economic events, the market volatility during the period was mostly below the historical level and slightly exceeded it only in 11% of time. In absence of notable economic releases from the Pacific region, the Kiwi and the Aussie became the most tranquil against the turbulent historical background, and their indexes spent only 2% of time above the 1-level line. Steady depreciation of the single currency in reaction to the Greek issue discussion did not raise the Euro’s volatility significantly above the historical level and left the currency among the calmest ones.
The Euro’s significance measure was very unstable during the past week. The gauge had several ups-and-downs and was fluctuating between 0.36 and 0.69. However, the average of the measure, as well as those of the EUR/USD components, remained practically unchanged compared with the previous values. Thus the average of the aggregate has gained only 0.04 points.