INTERNATIONAL HIGHLIGHTS
Euro strengthens regains relative to the US dollar.
The Euro posted a positive weekly performance against the Dollar, i.e. + 0.30% to 1.1797. In fact, the EUR/USD parity rebounded at the end of the week after trading on Wednesday near its 2021 low of 1.1704.
The greenback was penalized by the unexpected drop in Michigan's US Consumer Confidence Index released on Friday. The index fell from 81.2 to 70.2 in August against a consensus of 81.2. This is its lowest level since 2011. This drop reflects the growing concerns about the negative impact of the spread of the Delta variant as well as new inflationary risks.
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