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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