No rebound in the euro as long as slow vaccination campaigns cloud recovery prospects
- Macro-economy
- February 5, 2021
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 slow start in the vaccination campaigns that cloud recovery prospects. While markets focus on the timing and the extent of the economic rebound in the US and the UK, they still worry about potential new lockdown in the main countries of the euro area and the EU in general. The EUR/USD is now trading just above 1.1950 while the EUR/GBP has fallen below 0.875, levels not seen since May last year. The US job report in on the agenda today.
Share this news :
You might also read :
The European power spot prices continued to slightly fade yesterday as the forecasts of stronger nuclear, hydro and solar generation offset the expectations of higher…
January 25, 2022
Prices up as a risk premium on the Russia-Ukraine conflict is building
European gas prices increased strongly yesterday as a risk premium on the Russia-Ukraine conflict is building. Even the statements of Russian government spokesman saying that…
May 17, 2021
Economic rebound threatened by the Indian variant and inflation
The rebound in new Covid cases in some Asian countries and in the UK is a threat for the current economic recovery. In the US,…
Subscribe to our newsletter