A visible rebound in the EUR/USD parity.
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.
The publication of the euro zone PMI report shows an improvement in economic activity. The index rose to 59.2 in June versus 57.1pts a month earlier. In fact, EU institutions expressed this week their optimism about the economic recovery thanks in part to the imminent deployment of the 'Next Generation EU' recovery plan.