Around 9:30 p.m., the euro gained 0.15% against the greenback, at 1.1251 dollars.
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The euro advanced Wednesday against the dollar, after the publication of American indicators considered reassuring.
Around 19:30 GMT (21:30 in Paris), the euro gained 0.15% against the greenback, at 1.1251 dollar.
“It seems that investors are interpreting the good US data by becoming risk-averse, which means less demand for the dollar, safe haven,” said Fawad Razaqzada, analyst for Think Markets.
According to figures released Wednesday by the firm ADP, private companies in the United States created 2.4 million jobs in June.
However, this is less than analysts’ forecasts expected, which forecast 3.75 million jobs created.
This figure is also lower than in May after the upward revision of the data, ADP now estimates that the US economy has created 3.06 million private jobs.
In addition, activity in the manufacturing sector in the United States rebounded sharply in June, after plunging due to the pandemic, according to the ISM index which rose to 52.6% against 43.1% a month earlier. This level is higher than analysts’ expectations.
These figures have had the merit of somewhat waking up the foreign exchange market, judged earlier today “in hibernation” by Jeffrey Halley, analyst for Oanda.
However, caution was advised as the day before, during a hearing, the chairman of the Federal Reserve, Jerome Powell, had warned of the “extremely uncertain” rhythm of the economic recovery, due in particular to the resurgence of the Covid pandemic -19 in the United States.
Doctor Anthony Fauci, a prominent member of the presidential crisis cell on the coronavirus, indeed admitted on Tuesday that the American health authorities had “not total control” over the pandemic.
“I would not be surprised if we reach 100,000 (new cases, note) per day if we do not reverse the trend,” he added. Currently, 40,000 new cases are detected daily in the United States.
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