INTERNATIONAL HIGHLIGHTS
The euro bounces back for the 3rd week in a row
This week, the European currency continued its bullish rally supported by the visible improvement in the health situation within the Eurozone. Therefore, the EUR/USD parity appreciated by +0.71% in one week, going from 1.190 to 1.198.
Investors seem to overshadow positive economic indicators within the US. As a reminder, retail sales exceeded market expectations, consumer spending jumped by + 9.8% in March and finally unemployment benefit claims fell by 200K to 576K, a lowest level since the start of the pandemic.
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Sur le même thème
MAD Insights - april 14th, 2021
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.
MAD Insights - april 7th, 2021
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.
MAD Insights - march 31th, 2021
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%.
