Research & Analysis

ECB meeting seems to benefit the euro. During this week, the EUR/USD parity recorded an increase of 0.32% to 1.195 at the end of the week against 1,192 a week earlier.  

The dollar uptrend continues. The EUR/USD parity is experiencing very high volatility this week. The dollar traded higher against the major currencies. 

The dollar ended the week higher supported by hopes of the adoption of Joe Biden's $ 1,900 Bn stimulus plan and the approval of the Johnson & Johnson vaccine. 

The dollar rose against the euro at the start of the week supported by the publication of US retail sales up +5.3%, before falling again at the end of the week.

The dollar is falling…, the euro more resilient. The EUR/USD parity downtrend, observed since the start of 2021, was interrupted this week. In fact, the euro exceeded $ 1.21 against $ 1.20 a week earlier.

The euro shows signs of slowdown. The EUR/USD parity reached 1.20 this week against 1.21 a week earlier.  The euro even fell below $ 1.20 on february 4th, for the 1st time since december 1st, 2020.

A dynamic week under the sign of volatility The EUR/USD parity remains characterized by a strong volatility, torn between economic indicators reassuring Europeans and a difficult health situation generating fears of additional lockdowns in Europe.

Positive Data coming from Europe After crossing lower than the 1.21 level last week, the EUR/USD pair appreciated +0.74% to settle at $ 1.217.

The consumer credit sector is deeply affected by the Covid-19 crisis. However, we believe that the correction of the Eqdom on the stock market by -38% since January 2020 is disproportionate compared to the potential for a recovery in its fundamentals by 2022.