INTERNATIONAL HIGHLIGHTS
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 %.
Indeed, the dollar was penalized by the latest report on the labor market state in the United States. In fact, only 266 K job creations were recorded in April, against a forecast of around 1 million. The unemployment rate within March was also revised to 6.1%, from an initial level of 5.8%.
Read more.
Sur le même thème
MAD Insights - may 5th, 2021
The dollar appreciates for the 1st time since April. While the European currency experienced a bullish trend throughout April, the latter fell this week against the dollar by -0.64% to 1.202 from 1.210 a week earlier.
MAD Insights - april 29th, 2021
The vaccination effort in Europe supports the euro The euro continued its bullish rally during the last week, showing a gain of + 0.95% against the dollar.
MAD Insights - april 21th, 2021
This week, the European currency continued its bullish rally supported by the visible improvement in the health situation within the Eurozone.
