INTERNATIONAL HIGHLIGHTS
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. The pair even reached this week its highest since early 2021 at 1.223.
With the advancement of the vaccine campaign, Eurozone countries eased restrictions during this month, allowing an acceleration of economic activity recovery. The Eurozone PMI index attests to this, going from 53.8 to 56.9 pts during the month of May.
Across the Atlantic, the latest disappointing US data weighed on the dollar. Indeed, the Philadelphia Fed index fell sharply in May, from 50.2 to 31.5.
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Sur le même thème
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 %.
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.
