INTERNATIONAL HIGHLIGHTS
The EUR/USD parity reaches a 4-month low The EUR/USD parity fell below 1.18 this week for the first time since November 2020, down -0.93%. The dollar was supported by better than expected figures in the United States.
On the one hand, claims for unemployment benefit fell to 684K, i.e. a 1-year low. On the other hand, the US GDP forecast in Q4-20 raised from 4.1% to 4.3%.
Joe Biden accelerated the pace of vaccine deployment by raising his target to 200 Mn people at the end of the 100th day of his mandate. In contrast, the Eurozone is facing a third wave of the virus which penalizes the euro.
Read more.
Sur le même thème
MAD Insights - march 24th, 2021
Dollar strengthens despite Fed decisions. At the end of the week, the EUR/USD parity fell by -0.41% to 1.190 against 1.195 a week earlier.
MAD Insights - march 18th, 2021
ECB meeting seems to benefit the euro. During this week, the EUR/USD parity recorded an increase of 0.32% to 1.195 at the end of the week against 1,192 a week earlier.
MAD Insights - march 11th, 2021
The dollar uptrend continues. The EUR/USD parity is experiencing very high volatility this week. The dollar traded higher against the major currencies.
