Following the intervention of the Fed boss, the euro stabilized against the dollar on Thursday, after recording significant gains the day before.

While the greenback is suffering from the soothing tone adopted by Jerome Powell, President of the American Central Bank (Fed), during a hearing in the House of Representatives, the euro is taking advantage to stabilize. Around 9:10 a.m. GMT (11:10 a.m. CET), the euro climbed 0.08% to 1.1846 dollars for one euro. The dollar is back to its level at the start of the week, before the sharp rise in inflation in the United States boosted the greenback on Tuesday. Forex traders had in fact thought that the pressure of rising prices could push the Fed to tighten its monetary policy sooner than expected, which would make the dollar more attractive. In the United States, a series of economic indicators (industrial production in June, weekly applications for unemployment benefits) left analysts unmoved.