Around 9:30 p.m., the American currency gained 0.36% against the euro.
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The dollar rose on Wednesday in a relatively calm foreign exchange market even if there are still many uncertainties.
Around 7:30 p.m. GMT (9:30 p.m. in Paris), the dollar gained 0.36% against the euro.
The dollar index, which measures the value of the greenback against a basket of other currencies, rose 0.16%.
The US currency is generally considered to be a safe haven and tends to appreciate in times of political or economic uncertainty.
Despite the sharp rebound in oil prices and the rise in Wall Street on Wednesday, market participants remained cautious, with many questions lingering over the magnitude of the global economic crisis caused by the coronavirus.
The Canadian dollar, whose value is strongly correlated with black gold prices, was benefiting from the rise in oil, the benchmark contract for the barrel traded in New York having appreciated by more than 19%.
“The better-than-expected performance of oil has helped the currency withstand a sharp slowdown in inflation in Canada,” said Joe Manimbo of Western Union. Consumer prices rose only 0.9% in the country in March compared to more than 2% the previous month.
The British pound picked up after a very bad day.
The British currency thus gained 0.61% against the euro and 0.26% against the dollar.
“A better than expected series of inflation data has given a more positive picture of the UK economy than some had expected,” said Ricardo Evangelista, analyst for ActivTrades.
Inflation slowed to 1.5% in March from 1.7% in February in the United Kingdom.
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