INTERNATIONAL HIGHLIGHTS
The dollar supported by the economic risk in China
The dollar appreciates against a basket of reference currency carried by its status of safe haven in a context of strong risk aversion. In fact, investors are worried about both the impact of the Delta variant and China's economic issues. Under these conditions, the euro continues to decline and shows a weekly variation of -0.75% to 1.1725.
The latest retail sales data support a scenario of reduced Fed asset buybacks before the end of 2021.
These amounted to $ 120 Bn per month since the start of the health crisis in March 2020.
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Sur le même thème
MAD Insights september 15th, 2021
The dollar recovers its two-week losses. The euro fell again and posted a weekly change of -0.56% to 1.1814.
MAD Insights september 9th, 2021
The euro crosses the $ 1.18 threshold, i.e. a weekly performance of + 0.72% at 1.1880.
MAD Insights september 2nd, 2021
The euro is gaining ground against the dollar this week, appreciating 0.83% to 1.1795. The greenback was penalized by a lower than expected PMI index in the United States.
