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%.