Around 9:30 p.m. the euro gained 0.44% against the greenback at 1.0855 dollars.
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The dollar lost ground against the euro Tuesday after appreciating the day before and before an expected intervention by the chairman of the Federal Reserve.
Around 7:30 p.m. GMT (9:30 p.m. in Paris), the euro gained 0.44% against the greenback, at 1.0855 dollars.
The dollar had however risen against the European single currency earlier in the session, continuing the momentum of the previous day.
Monday, the greenback had also reached, during the US session, a high in two weeks against the Japanese currency, which “suggests that investors have chosen the dollar as a preferred refuge rather than the yen”, which it is historically the main feature, said Jasper Lawler, for London Capital Group.
As the resumption of activity begins especially in Europe, the World Health Organization recommends “extreme vigilance” in deconfinement.
The experience of the first affected in Asia, in fact, calls for the greatest caution. Despite the deployment of considerable resources to track the coronavirus, and the precautions carefully followed by their population, Wuhan (the city in central China where the epidemic started) reported new cases on Sunday and Monday, but no Tuesday .
South Korea is struggling with a center of infection in Seoul, the home of a young 29-year-old man who has frequented several bars and nightclubs.
The resurgence of new cases, though small, “highlights the difficult path ahead for the global economy,” said Lee Hardman, analyst for MUFG.
In addition, the dollar was ballasted on Tuesday by the 0.8% drop in consumer prices in April compared to those recorded in March in the United States. This is the largest monthly decline since December 2008, according to the CPI index released by the Labor Department.
Federal Reserve Chairman Jerome Powell is due to speak on the economic outlook on Wednesday.
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