Positive Data coming from Europe
After crossing lower than the 1.21 level last week, the EUR/USD pair appreciated +0.74% to settle at $ 1.217.
Despite a worrying health situation in Europe leading to the implementation of many new restrictive measures, data related to industrial production, the ZEW and the SME, were generally stable.
For its part, the dollar seems to be penalized by Joe Biden's 100-day program. This program anticipates a sharp increase in expenditure and a widening of the budget deficit within a sustainable low interest rates context.
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Sur le même thème
MAD Insights - february 24th, 2021
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.
MAD Insights - february 18th, 2021
The dollar is falling…, the euro more resilient. The EUR/USD parity downtrend, observed since the start of 2021, was interrupted this week. In fact, the euro exceeded $ 1.21 against $ 1.20 a week earlier.
MAD Insights - february 10th, 2021
The euro shows signs of slowdown. The EUR/USD parity reached 1.20 this week against 1.21 a week earlier. The euro even fell below $ 1.20 on february 4th, for the 1st time since december 1st, 2020.
