As the dollar resumes its role as a safe haven, the European currency retreats once again. The market is impacted by the slowdown in the recovery in China and geopolitical considerations.

The euro fell back on Monday against the dollar which, like the Swiss franc and the yen, strengthened, playing its role as a safe haven. The euro lost 0.17% to 1.1777 dollars around 7:00 p.m. GMT. Growth in retail sales in China slowed much more than expected in July to 8.5% against +11.5% a year earlier and industrial production marked time more than expected, at 6.4%. The situation in Afghanistan, where the Taliban have regained power, influenced the margin in favor of the greenback. The greenback also rebounded after suffering on Friday (-0.57%) due to a deterioration in consumer confidence in August, according to the preliminary estimate from the University of Michigan.