INTERNATIONAL HIGHLIGHTS
The euro supported by positive economic data
The EUR/USD parity approached this week the level of 1.22 to 1.219, up 0.08% from last week.
The dollar's underperformance is justified by the high weekly levels of jobless claims in the United States, which remain above 400K. Also, unexpected declines were recorded in the acquisition of durable goods and housing.
At the opposite, the euro benefited from reassuring figures from the euro zone. To this end, the consumer and business confidence index rose from 111 to 115 pts in May 2021.
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Sur le même thème
MAD Insights - may 27th, 2021
EUR/USD at its highest since early 2021. This week was marked by the rise of the euro against the dollar by + 0.34%, going from 1.214 to 1.218.
MAD Insights - may 19th, 2021
Dollar resists various negative US Data. At the end of this week, the euro fell slightly against the dollar, i.e. -0.21% from 1.217 to 1.214.
MAD Insights - may 12th, 2021
US jobs report penalizes the dollar. During this week, the dollar fell against the euro to its lowest level since the end of February 2021. In more details, the EUR/USD pair went from 1.20 to 1.22, i.e. a weekly evolution of +1.21 %.
