INTERNATIONAL HIGHLIGHTS
Disappointing US employment Data
The euro crosses the $ 1.18 threshold, i.e. a weekly performance of + 0.72% at 1.1880. The dollar remains penalized by the continued spread of the Delta variant within the United States and its consequences on the Fed monetary policy.
The labour market is starting to show signs of slowing down. In more details, 235K jobs were created in the non-agricultural sector, which is 3 times less than the consensus forecast in August of 750K. This is due to a weak demand within the US service sector.
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Sur le même thème
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.
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.
