INTERNATIONAL HIGHLIGHTS
The Fed's caution is still in order
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.
At the central bankers' meeting in Jackson Hole, the Fed chairman confirmed his intention to start cutting back on its asset buybacks by the end of the year.
Nonetheless, the Fed has yet to come to a conclusion on a specific timeframe in a context marked by the spread of the Delta variant.
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Sur le même thème
MAD Insights august 26th, 2021
The Euro has fallen against the Dollar this week by -0.84% to 1.1698. During Thursday's session, the Euro hit 1.1675, i.e. its lowest level since November 2020.
MAD Insights august 18th, 2021
Euro strengthens regains relative to the US dollar. The Euro posted a positive weekly performance against the Dollar, i.e. + 0.30% to 1.1797.
MAD Insights august 13th, 2021
At the end of this week, the euro fell against the dollar by -1.05% compared to last week at 1.176. The EUR/ USD pair thus reached its lowest since the beginning of April 2021.
