INTERNATIONAL HIGHLIGHTS
Euro hits 10-month low against dollar
The Euro has fallen against the Dollar this week by -0.84% to 1.1698. During Thursday's session, the Euro hit 1.1675, i.e. its lowest level since November 2020.
Several factors support the Dollar recovery: (1) the optimistic prospects of the employment market in the United States, (2) the rise in health risks, mainly in China and (3) the less accommodating speech of the Fed during the minutes of the FOMC meeting on Wednesday night. Indeed, the institution could start reducing asset purchases before the end of 2021.
These are currently set at $ 120 billion/month.
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Sur le même thème
MAD Insights august 18th, 2021
Euro strengthens regains relative to the US dollar. The Euro posted a positive weekly performance against the Dollar, i.e. + 0.30% to 1.1797.
MAD Insights august 13th, 2021
At the end of this week, the euro fell against the dollar by -1.05% compared to last week at 1.176. The EUR/ USD pair thus reached its lowest since the beginning of April 2021.
MAD Insights - august 4th, 2021
The dollar traded lower against its main counterparts in connection with the latest announcements from the Fed at its last monetary policy meeting. EUR/USD hit its highest since July of 1.189 vs. 1.177 a week ago.
