Research & Analysis

The single currency continues to decline this week amid growing fears around the spread of the Delta variant in several countries.

At the end of this week, EUR/USD stabilizes at last week’s level of 1.188. As a reminder, it fell below 1.18 during the week, reaching its lowest since April 2021.

During this week, the dollar appreciates by + 0.6% against the euro. The EUR/USD pair fell to 1.187 against 1.194 a week earlier.

The sharp drop in the EUR/USD parity recorded last week was readjusted this week. The euro appreciates against the dollar by + 0.6%, going from 1.186 to 1.194 over the week.

Fed pushes dollar to 2-month high. During its meeting this week, the Fed announced its intention to raise interest rates by 2023.

EUR/USD reacts to inflation Data. The EUR/USD pair moved this week from 1.210 to 1.211, down -0.48% in comparison to the last week.

The US employment data supports the dollar. The US dollar appreciated this week against all of its benchmarks, including the euro. The EUR/USD parity fell to 1.217 against 1.220 a week earlier.

The euro supported by positive economic data. The EUR/USD parity approached this week the level of 1.22 to 1.219, up 0.08% from last week.

EUR/USD at its highest since early 2021. This week was marked by the rise of the euro against the dollar by + 0.34%, going from 1.214 to 1.218.