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Highlights of the latest Market Research on EUR:
Over the past week European currencies were the ones to come to the top, outperforming the rest of their counterparts. While the Swedish Krona appreciated the most in the market—2.57%, gains of the Euro were less pronounced, amounting to 0.49%. However, the rally of the 17-nation currency was not gradual, but largely attributable to the events on Dec 18, when the progress of fiscal talks in the United States supported increased exposure towards high-beta currencies. Further development of the issue in the U.S., on the other hand, especially an eventual failure of politicians to come to a consensus, muted the preceding positive effect.
All of the other news were generally incapable of altering valuation of the Euro, which remains immune to negative readings on the bloc’s economy, though it was hard to trace during the recent week given a limited amount of such releases since Dec 17.
Nonetheless, the same could be ascribed to supposedly bullish for the currency news. The Euro did not benefit from expansion of the monetary easing programme by the Bank of Japan. It also remained unresponsive to improving business climate in Germany. Accordingly, this leaves us with only one topic to follow, which for now completely defines direction of the single European currency.
Highlights of the latest Market Research on EUR:
Over the past week European currencies were the ones to come to the top, outperforming the rest of their counterparts. While the Swedish Krona appreciated the most in the market—2.57%, gains of the Euro were less pronounced, amounting to 0.49%. However, the rally of the 17-nation currency was not gradual, but largely attributable to the events on Dec 18, when the progress of fiscal talks in the United States supported increased exposure towards high-beta currencies. Further development of the issue in the U.S., on the other hand, especially an eventual failure of politicians to come to a consensus, muted the preceding positive effect.
All of the other news were generally incapable of altering valuation of the Euro, which remains immune to negative readings on the bloc’s economy, though it was hard to trace during the recent week given a limited amount of such releases since Dec 17.
Nonetheless, the same could be ascribed to supposedly bullish for the currency news. The Euro did not benefit from expansion of the monetary easing programme by the Bank of Japan. It also remained unresponsive to improving business climate in Germany. Accordingly, this leaves us with only one topic to follow, which for now completely defines direction of the single European currency.