EUR/USD sharply down

  • Macro-economy

The EUR/USD exchange rate plunged by more than 1$ on Friday and is now trading just above 1.20. The preliminary estimates of Q1 GDP growth confirmed the double-dip recession in the euro area, while US March figures showed a record strong increase in personal income that foresees super strong growth in consumer spending for the months ahead. Moreover, a non-voting Fed member sent a noticeable warning about the Fed’s ultra-accommodative policy. Manufacturing PMI and ISM will be released today. Bank holiday in the UK.    

us-consumers-real-income-spending
Share this news :

You might also read :

ES-oil
December 15, 2021

Hello contango

Front-month time spreads flipped in shallow contango for the first time since Q4 2020, a worrying sign that conflicts with the fundamental data we are…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]