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Currencies: The dollar weakens

08/04/2021
Categories: Index/Markets

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Despite signs of a strong recovery in the US economy, particularly in terms of employment and activity in services in March, the dollar fell by around 0.8%.

The decline in the greenback coincided with a relaxation in bond markets on Tuesday. After recording a gain of 3.5% since the beginning of the year against a basket of reference currencies, the dollar slowed sharply on Tuesday, dropping around 0.8%.

The dollar index calculated by the ICE, which measures its evolution against a basket composed of the euro, the pound sterling, the yen, the Canadian dollar, the Swiss franc and the Swedish krona, fell by 0.79% at the end of the evening on Tuesday evening to 92.29 points.
For its part, the euro regained 0.55% to $1.1875 against the greenback on the interbank market in

New York.

On the interest rate market, the 10-year T-Bond fell by 6 basis points to 1.65%, after peaking at around 1.74% last week. The rate at 30 years of age fell to 2.31% (-4 bpd) compared to 1.64% at the beginning

of the year.

The unemployment rate fell from 6.2% in February to 6% in March. The ISM services index in March in the United States, published on Monday, reached a record high, standing at 63.7 in March compared to 55.3 in February and 59 expected by economists

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