The euro traded significantly higher against the US dollar on Monday, thanks to optimism regarding vaccination programmes in Europe and inflation increasing faster in the United States than in Europe. The euro was up 0.5% at 1.2031. Optimism regarding vaccination programmes already led to gains in the stock markets and is now also visible in the FX market.
The price of oil increased on Monday. The price of a barrel of West Texas Intermediate increased with 0.4% to USD 63.38. Last week, the WTI oil price also increased more than 6%, following positive monthly reports from OPEC and the International Energy Agency.
Producer prices in Germany increased further in March. This was shown by figures from Destatis, the German statistical office. Compared to a year earlier, producer prices increased by 3.7% last month. On a monthly basis, there was an increase of 0.9% in March.
The 6M Euribor is unchanged at -0.51% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.10% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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