INTERNATIONAL HIGHLIGHTS
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.
The euro remains on an upward trend as the vaccination effort intensifies within Europe. With more than 16 M injections, Germany is in the first position ahead of France with 12 M injections.
Note that on Thursday, the euro traded lower against the dollar after the ECB meeting. The institution has expressed its concerns regarding the growth outlook in the Eurozone. On the same day, the dollar strengthened thanks to the decline in unemployment benefit claims to a low since the start of the Covid-19 crisis.
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