INTERNATIONAL HIGHLIGHTS
Dollar supported by US employment figures
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. The dollar was carried by the positive employment figures.
The US economy created 943K non-farm jobs in July, up from 938K in June 2021, higher than expected. To this end, the unemployment rate fell to 5.4%, from 5.9% in June.
The US economy recovery was also confirmed by the rebound of the ISM non-manufacturing PMI index in July to 64.1 from 60.1 a month earlier.
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Sur le même thème
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.
MAD Insights - july 28th, 2021
The European currency remains under pressure this week and continues its decline against the dollar; i.e. -0.30%, from 1.181 to 1.177.
MAD Insights - july 23th, 2021
The single currency continues to decline this week amid growing fears around the spread of the Delta variant in several countries.
