INTERNATIONAL HIGHLIGHTS
The Fed's words reassure investors
At the end of this week, EUR/USD stabilizes at last week’s level of 1.188. As a reminder, it fell below 1.18 during the week, reaching its lowest since April 2021.
The FED declared this week that it is maintaining its accommodative monetary policy, reassuring investors.
The institution believes that the economy is not fully recovered from the health crisis given the decline of tertiary activity’s ISM index to 60.1 in June against a consensus of 63.5. Also, new job vacancies in May were below expectations, stagnating from the previous month at 9.2 million.
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Sur le même thème
MAD Insights - july 7th, 2021
During this week, the dollar appreciates by + 0.6% against the euro. The EUR/USD pair fell to 1.187 against 1.194 a week earlier.
MAD Insights - july 1st, 2021
The sharp drop in the EUR/USD parity recorded last week was readjusted this week. The euro appreciates against the dollar by + 0.6%, going from 1.186 to 1.194 over the week.
MAD Insights - june 23rd, 2021
Fed pushes dollar to 2-month high. During its meeting this week, the Fed announced its intention to raise interest rates by 2023.
