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 :

You might also read :

ES-power
June 14, 2021

EUAs retreated on bearish energy complex

The power spot prices for today are slightly down compared to Friday in nothwestern Europe, pressured by the warmer temperatures and stronger wind output, although…
ES-economy
November 19, 2021

No real market driver

The markets are fairly calm and should remain so. In Asia, a certain optimism prevails after the announcement of a new super stimulus plan in Japan,…
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? 

[booked-calendar]