The first half of last week we had the EUR/USD pair without direction, trading in a range despite the good American inflation data and whose reading was slightly higher than expectations. The bearish movement of the pair was slowed by the good performance of the American stock market and the risk appetite that continues to set highs week after week.
During the second half of the week, the publication of production prices, together with the strength of the US labor market, gave impetus to the Dollar, which managed to break the support of 1,09 and set a weekly minimum at 1.0873 on Friday.
Of the rest of the panel, the Pound was trading in an increasingly narrow range, without stimulus, awaiting the BoE's monetary policy decision this Thursday. The Japanese Yen depreciated against the community currency until trading at 163, then corrected and closed the week at 162.10, while the Swiss Franc consolidated above 0.96 at levels of 0.9620.
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Economic News, Dollar, Euro
