INTERNATIONAL HIGHLIGHTS
The dollar declines in the face of inflationary risks
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.
Despite the release of a better-than-expected non-manufacturing ISM, the dollar remains penalized by inflationary risks in the coming months. Investors are very vigilant about a possible change in the FED’s monetary policy.
The euro benefited from the ECB’s latest statement.
The institution estimates that the pandemic impacts on European economy remain limited in the LT horizon.
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