Research & Analysis

Dollar resists various negative US Data. At the end of this week, the euro fell slightly against the dollar, i.e. -0.21% from 1.217 to 1.214.

US jobs report penalizes the dollar. During this week, the dollar fell against the euro to its lowest level since the end of February 2021. In more details, the EUR/USD pair went from 1.20 to 1.22, i.e. a weekly evolution of +1.21 %.

The dollar appreciates for the 1st time since April. While the European currency experienced a bullish trend throughout April, the latter fell this week against the dollar by -0.64% to 1.202 from 1.210 a week earlier.

The vaccination effort in Europe supports the euro The euro continued its bullish rally during the last week, showing a gain of + 0.95% against the dollar.

This week, the European currency continued its bullish rally supported by the visible improvement in the health situation within the Eurozone.

During this week, the dollar traded downward against its main counterparts. To this end, the EUR/USD parity appreciated by + 1.19%, going from 1.176 to 1.190.

The dollar supported by the US infrastructure plan The European currency remains under pressure and continues to decline against the dollar this week by -0.29%, going from 1.179 to 1.176.  

The EUR/USD parity reaches a 4-month low The EUR/USD parity fell below 1.18 this week for the first time since November 2020, down -0.93%.

Dollar strengthens despite Fed decisions. At the end of the week, the EUR/USD parity fell by -0.41% to 1.190 against 1.195 a week earlier.