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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Sur le même thème
MAD Insights - april 21th, 2021
This week, the European currency continued its bullish rally supported by the visible improvement in the health situation within the Eurozone.
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.
