A look at the development of the different currencies in Asia Pacific shows that the Japanese Yen has increased almost 15% against the USD and around 13% against the EUR in the first six months of this year while the Chinese Yuan has lost more than 2% against the USD and more than 4% against to the EUR during the same period. As a comparison, the USD Index, a measure of the value of the USD relative to a basket of six major foreign currencies, lost 2.5%, while the EUR Index, the unofficial equivalent index that represents the ratio of four major currencies against the Euro, gained 6.2% in the first six month of this year.
The graph shows furthermore the direction of the 200-moving-average of the single currencies against the USD (dark blue) and against the EUR (light blue) as a trend indicator for the possible development in the near future.
