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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Sur le même thème
MAD Insights august 13th, 2021
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.
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.
