Highlights of the latest Marker Research release on EUR.
Full research available here.
In the period from 3rd to 9th October, the Europe’s shared currency has performed well, as it managed to gain against seven of its eight observed counterparts. The biggest advance has been witnessed versus the Swedish krona, that failed to keep its bullish momentum from the last week. As a matter of fact, for most of the time the Euro was not among the best performing currencies; however, by the end of Thursday it reached the second best-performing position. Moreover, the increase was also spurred by the underperformance of the other currencies, as most of them remained unchanged or posted losses in the period.
Even though the Euro area’s currency demonstrated some sharp moves on Friday and Wednesday, in general the elevated volatility portions were slightly above the 30% mark, which is below the past overturbulence levels. The most volatile currency this week was the U.S. Dollar; however, not to extreme levels. At the same time, the Kiwi has lost its turbulence, after reaching 74% level last week.
Excepting some minor dips and climbs, the significance of the Euro, measured as an average correlation between various Euro crosses, was around its medium levels of 0.20. For some time on Friday and Monday the measure fell down to tenuous area; however, later managed to recover to more solid levels. The decline was caused by most of the components sliding to weakly negative values, suggesting that the single currency was not on the strong governing side of the pair movements. Nonetheless, the lack of important Euro zone’s events in the period contributed to no significant changes. At the same time the gauge is not indicating that more market participants have started looking in other currencies.
Full research available here.
In the period from 3rd to 9th October, the Europe’s shared currency has performed well, as it managed to gain against seven of its eight observed counterparts. The biggest advance has been witnessed versus the Swedish krona, that failed to keep its bullish momentum from the last week. As a matter of fact, for most of the time the Euro was not among the best performing currencies; however, by the end of Thursday it reached the second best-performing position. Moreover, the increase was also spurred by the underperformance of the other currencies, as most of them remained unchanged or posted losses in the period.
Even though the Euro area’s currency demonstrated some sharp moves on Friday and Wednesday, in general the elevated volatility portions were slightly above the 30% mark, which is below the past overturbulence levels. The most volatile currency this week was the U.S. Dollar; however, not to extreme levels. At the same time, the Kiwi has lost its turbulence, after reaching 74% level last week.
Excepting some minor dips and climbs, the significance of the Euro, measured as an average correlation between various Euro crosses, was around its medium levels of 0.20. For some time on Friday and Monday the measure fell down to tenuous area; however, later managed to recover to more solid levels. The decline was caused by most of the components sliding to weakly negative values, suggesting that the single currency was not on the strong governing side of the pair movements. Nonetheless, the lack of important Euro zone’s events in the period contributed to no significant changes. At the same time the gauge is not indicating that more market participants have started looking in other currencies.