INTERNATIONAL HIGHLIGHTS
The dollar uptrend continues.
The EUR/USD parity is experiencing very high volatility this week. The dollar traded higher against the major currencies. Thus, the EUR/USD parity crossed down the threshold of 1.20 to 1.195 against 1.208 a week earlier.
The surge in US Treasury yields following employment figures’ release does not seem to worry the Fed. In fact, the dollar still benefits from the Federal Reserve’s confidence in the US economy recovery. In addition, the euro was penalized this week by the unexpected decline in German industrial production during January 2021.
Read more.
Sur le même thème
MAD Insights - march 3rd, 2021
The dollar ended the week higher supported by hopes of the adoption of Joe Biden's $ 1,900 Bn stimulus plan and the approval of the Johnson & Johnson vaccine.
MAD Insights - february 24th, 2021
The dollar rose against the euro at the start of the week supported by the publication of US retail sales up +5.3%, before falling again at the end of the week.
MAD Insights - february 18th, 2021
The dollar is falling…, the euro more resilient. The EUR/USD parity downtrend, observed since the start of 2021, was interrupted this week. In fact, the euro exceeded $ 1.21 against $ 1.20 a week earlier.
