EnergyScan

EUR/USD sharply down

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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-economy
March 8, 2022

Europe faces soaring prices

Inflation expectations are soaring in Europe. The break-even inflation rate on the 5y5Y (5-year inflation in 5 years) has reached US levels in the euro…
ES-power
December 17, 2021

And now the French nuclear crisis

The European energy crunch entered a new phase on Thursday with an extreme spike in French power prices mirroring similar moves observed in Japan or Texas…
ES-oil
April 21, 2022

Oil is stable, market is waiting

Crude oil prices were sideways on Wednesday. Brent first nearby prices decreased by 0.4% to close at $106.70/b while WTI prics did not move to settle at…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]