INTERNATIONAL HIGHLIGHTS
Positive US employment Data
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.
Despite a larger than expected drop in the US PMI index to 60.6, investors focused on encouraging employment data within the country. Weekly jobless claims fell to 364K against a monthly average of 400K. Likewise, nonfarm job creation exceeded pre-Covid levels to reach 850K in June, improving by 267K in one month. In the euro zone, the inflation level stabilized at 1.9%.
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Sur le même thème
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.
MAD Insights - june 18th, 2021
EUR/USD reacts to inflation Data. The EUR/USD pair moved this week from 1.210 to 1.211, down -0.48% in comparison to the last week.
