The EUR/USD rebound becomes more convincing

  • Macro-economy

The EUR/USD exchange rate closed above 1.19 and its 200-day moving average yesterday. Reassuring words from the Fed chairman and the release of the account of the last ECB meeting left the impression that the Fed was more determined than the ECB to pursue an ultra-accommodating policy. US bond yields fell further, the 10y nearing 1.6%, after a surprising second increase in a row in US jobless claims. The GBP continues to weaken on worries regarding the vaccination campaign linked to its dependency to AstraZenaca and some political uncertainties too.

downturn-in-the-euro-area-industrial-activity
Share this news :

You might also read :

ES-oil
January 8, 2021

Mobility takes a toll

Brent prompt futures remained at 54.7 $/b on early Thursday. Mobility across Europe and the US is reportedly lower in early January as most countries…
ES-oil
June 30, 2021

US crude inventories depleting rapidly

Despite the rapid depletion of US commercial crude stocks, crude futures remained range-bound on early Wednesday, at 74.9 $/b at the prompt. US crude inventories…
ES-oil
February 3, 2021

US and Japanese crude stockpiles dwindles

Brent prompt futures continued to rally to 54.7 $/b on early Thursday as Saudi Arabia guaranteed that their voluntary supply cut would last two months…
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]