The euro gained some ground against the dollar on Monday, in a market keeping an eye on trade negotiations between China and the United States and possible discussions in Washington on a new plan to support the economy.

Around 19:00 GMT (21:00 in Paris), the euro rose 0.19% to 1.1864 dollars.

“The greenback started the week with slight losses against the euro, the pound and the Canadian dollar,” notes Joe Manimbo of Western Union. “The currencies, however, remain within the trading range that has prevailed since the beginning of August,” adds the expert

“Politics will dominate the spotlight this week as the Democratic National Convention starts in Milwaukee,” he said.

Democrats and Republicans still failed to agree last week on new financial aid to Americans. For the moment, parliamentarians are on vacation until mid-September and no discussion is expected between the main

At the same time, “the trade talks that were supposed to take place this weekend between the United States and China have been postponed,” recalls Mr. Manimbo.

The two sides were due to take stock of the trade agreement signed in January; no date was given for this new meeting, which was supposed to take place by video, according to Bloomberg.

But tensions between the world's two largest economic powers have regained strength in recent days. Washington thus announced on Monday the tightening of sanctions against the Chinese telecom giant Huawei, extending them to 38 of its subsidiaries, in order to limit their access to American technologies

Forex traders will be watching the minutes of the latest meeting of the Federal Reserve's Monetary Policy Committee later in the week.

“The euro could rise to its recent peak if the Fed's minutes in the middle of the week seem accommodative enough to prepare the ground for further action, for example by showing some tolerance for higher inflation, which would then increase the possibility of lower rates for longer,” said Mr. Manimbo.

Monday classes Friday classes

 19:00 GMT 21:00 GMT

EUR/USD 1.1864 1.1842

EUR/JPY 125.80 126.23

EUR/CHF 1,0751 1,0765

EUR/GBP 0.9056 0.9050

USD/JPY 106.03 106.60

USD/CHF 0.9062 0.9091

GBP/USD