The forex market continued to be volatile during the week as the speculation revolving the future of Greece and its debt's effect on Europe's stability remained high. The ECB rate decision to cut the rate by 0.25 percent points may have helped rally the Euro, while the US employment report may have eased the concerns of the US economic progress as it was positive.
Euro/USD declined by 0.48% during the week; this week's average Euro/USD rate reached 1.378, a 1.65% decrease from the previous week's average of 1.402; the Euro/USD finished the week at 1.379.
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