No rebound in the euro as long as slow vaccination campaigns cloud recovery prospects
The EUR/USD has fallen below 1.20. The USD is strong, but the euro is weakening vs other currencies as well, the main reason being the…
Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline in the US ISM only shows that activity has ceased to accelerate in April. Bond yields are marginally down and the USD is rather stable: the EUR/USD exchange rate is trading in a narrow range around 1.2030.
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