INTERNATIONAL HIGHLIGHTS
Risk aversion dominates, "Delta" worries
The single currency continues to decline this week amid growing fears around the spread of the Delta variant in several countries. Thus, the increase in contamination continues to fuel fears about the strength of the global economic recovery as new health restriction measures are put in place mainly in Europe and the United States.
Under these conditions, the dollar takes advantage of investors' risk aversion and benefits from its status as a safe haven asset by advancing against a benchmark of currencies.
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Sur le même thème
MAD Insights - july 15th, 2021
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.
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.
