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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