Highlights of the latest Market Research release on EUR.
Full research available here.
The Europe’s shared currency has recovered after the previous week’s fall and added 0.5%, becoming the third best performer of the period. The Aussie was the clear leader of the past week. The RBA decision to leave its monetary policy stance fully unchanged pushed the AUD index up, and it has reached the unusually high level of 101.93. A few less fortunate the pound. Starting on Tuesday GBP showed the upward trend and could compete with the Greenback for the second place. However the index lost 0.84% right after the BoE’s Super Thursday data came out and ended the period with 0.02 points loss. The franc and the krona, in turn, continued the trend of the previous period and kept the place of the main loser of the week.
The last day of the previous trading week should by observed separately from the rest of the period as almost all volatility indexes, with the exception of the yen, spent more than half the time above the average historical level and, moreover, reached period’s highs after the disappointing releases of the US labor price data as well as Canadian GDP. The pound volatility index was the only one, which reached its maximum later on Thursday against the background of the batch of economic releases from BoE, moreover, it became the most turbulent currency of the current trading week in terms of elevated volatility portion.
Despite the fact that the Euro significance measure had a few ups-and-downs and ranged from 0.16 to 0.56 during the observed period, the gauge has finished the period almost at the same level it was when it started. The average values of the composite and the EUR/USD components also remained almost unchanged compared with the previous week. Thus the EUR measure has lost only 0.03 points. The most notable strengthening (+0.11), in turn, was observed in the bond between EUR/USD and EUR/SEK. Comparing with the long-term values most of the averages have shifted down and lost 0.03-0.07 points.
Full research available here.
The Europe’s shared currency has recovered after the previous week’s fall and added 0.5%, becoming the third best performer of the period. The Aussie was the clear leader of the past week. The RBA decision to leave its monetary policy stance fully unchanged pushed the AUD index up, and it has reached the unusually high level of 101.93. A few less fortunate the pound. Starting on Tuesday GBP showed the upward trend and could compete with the Greenback for the second place. However the index lost 0.84% right after the BoE’s Super Thursday data came out and ended the period with 0.02 points loss. The franc and the krona, in turn, continued the trend of the previous period and kept the place of the main loser of the week.
The last day of the previous trading week should by observed separately from the rest of the period as almost all volatility indexes, with the exception of the yen, spent more than half the time above the average historical level and, moreover, reached period’s highs after the disappointing releases of the US labor price data as well as Canadian GDP. The pound volatility index was the only one, which reached its maximum later on Thursday against the background of the batch of economic releases from BoE, moreover, it became the most turbulent currency of the current trading week in terms of elevated volatility portion.
Despite the fact that the Euro significance measure had a few ups-and-downs and ranged from 0.16 to 0.56 during the observed period, the gauge has finished the period almost at the same level it was when it started. The average values of the composite and the EUR/USD components also remained almost unchanged compared with the previous week. Thus the EUR measure has lost only 0.03 points. The most notable strengthening (+0.11), in turn, was observed in the bond between EUR/USD and EUR/SEK. Comparing with the long-term values most of the averages have shifted down and lost 0.03-0.07 points.