INTERNATIONAL HIGHLIGHTS
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.
The dollar strengthened thanks to positive data in the United States which attest to the acceleration of the economic recovery. This is evidenced by the Q1-21 GDP released this week, which rose by 6.4%.
The Fed is optimistic and anticipates a solid economic recovery in 2021. In fact, the vaccination rate in the United States is at its peak with more than half of adults having received at least one injection.
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Sur le même thème
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.
MAD Insights - april 14th, 2021
During this week, the dollar traded downward against its main counterparts. To this end, the EUR/USD parity appreciated by + 1.19%, going from 1.176 to 1.190.
