Last week was mainly one of weakness for the Dollar, due to the flow movement towards the equity markets where the S&P 500 continued at historical high levels thanks to the good data from the technology sector. The appetite for risk caused the Dollar to be harmed as it was one of the safe haven currencies par excellence.
During the session on Thursday, with the publication of the preliminary PMI data for February, the EUR/USD pair reached levels of 1.0880, but the good data that came from the United States and the messages from its hawkish policy makers, where they cooled Expectations of cuts hurt the pair, leading it to close the week in the 1.08 area. Friday's session did not put anything new on the table, with movements in a narrow range between 1.0815 and 1.0830.
From the rest of the panel, the Euro remains at 0.8550 levels against the British Pound. The community currency has appreciated against the Japanese Yen until crossing above 163, while the price against the Swiss Franc maintains the upward trend until reaching the level of 0.9540.
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Economic News, Currencies, Dollar
