A seesaw trend in the dollar
The dollar rose against the euro at the start of the week supported by the publication of US retail sales up +5.3%, before falling again at the end of the week. The EUR/USD parity stands at 1.212, stable in comparison to the previous week.
The dollar remains penalized by the latest US economic figures. Despite the outperformance of the Philadelphia Fed's manufacturing index, activity slowed compared to January. On the one hand, claims for unemployment benefits rose from K 793 to K 861 in one week, and on the other hand, housing starts fell by -6% during the same period.