After an indicator on growth, the European currency recovered on Tuesday. On the American side, the Dollar pauses (but does not give up: the $ Index is stable at 96.55) after recovering 10% against the Euro.

In the aftermath of a bout of weakness caused by the reappointment of Jerome Powell as head of the Fed, the euro recovered against the dollar on Tuesday, helped by an acceleration in the growth of private sector activity. Around 10:45 a.m. GMT (11:45 a.m. CET), the euro gained 0.22% to $1.1261 per euro, after falling earlier to $1.1226, its lowest since July 3, 2020.

As for the dollar, after a very positive Monday session and a gain of nearly +0.5%, it is pausing. The greenback crumbled by -0.1% towards 1.1245/E but rose by the same amount against the Yen and the Australian dollar; it even gained 0.2% against the pound towards 1.3370. The greenback also came out strengthened by the appointment Monday by the White House of Jerome Powell as head of the US Federal Reserve (Fed) for a second four-year term. It thus exceeded the 115 yen mark on Tuesday for the first time in more than four years at the opening of the Asian markets, reaching 115.15 dollars, before retreating. Note that gold appears to be the big victim of the tension in interest rates and the strength of the Dollar with -3.5% in 48 hours, towards $1.790.