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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