Around 8:30 p.m., the dollar took 0.15% to 1.1327 dollars for one euro.
The dollar climbed to a two-week high once morest the euro on Monday before losing ground as Wall Street tumbled in a volatile session.
Around 7:30 p.m. GMT, the dollar took 0.15% to 1.1327 dollars for one euro.
Earlier, the greenback had peaked at $1.1291 (+0.40%), a high since Jan. 10, but lost ground as Wall Street widened its losses at midday.
Two hours before closing, the Dow Jones index lost up to 3% and the Nasdaq, with technological coloring, dropped up to 5%.
But the contagion between the stock market and the currency market “has been very contained,” said Mazen Issa of TD Securities. “The movements in the markets have not been fully reflected in the exchange rate,” said the analyst.
The American currency, which had started the year in great shape before falling sharply in mid-January, returned to its level at the end of December over the past week.
“The dollar’s rebound continues ahead of the Fed’s monetary committee meeting this week,” which “coincides with stock market weakness,” noted MUFG analyst Lee Hardman.
Investors are waiting to see what message the US Federal Reserve will adopt on Wednesday following its two-day meeting.
To deal with rising inflation, the monetary institute should signal an upcoming rate hike, which is favorable for the US currency.
On the market “there is the fear that the Fed might raise rates by a sudden 50 basis points at some point, which seems a bit aggressive to me,” said Mazen Issa for his part.
In the medium term, “until the European Central Bank (ECB) pivots towards a less accommodating monetary policy, it will be difficult to see the euro maintain the advantage,” added the expert from TD Securities.
The risk aversion, which was marked in the morning for the Swiss franc and the yen once morest the euro, moderated: the euro fell 0.08% once morest the Swiss franc to 1.0335 Swiss franc and 0.10 % once morest the Japanese currency at 128.85 yen.
The Swiss franc even touched 1.0318 francs for one euro, its highest since April 2015.
“Markets continue to monitor news from Ukraine and Russia that might impact European assets and risk appetite,” Sucden analysts said.
Trampled in recent days and following a low since the end of July touched on Saturday at 34,043 dollars, bitcoin resumed small colors (+ 1.33%) to 35,833 dollars.
