The euro stabilized against the dollar on Thursday, in a calm market despite the fear caused by the continuation of the Covid-19 pandemic.

Around 08:45 GMT (10:45am in Paris), the euro lost 0.07% against the greenback, to 1.1652 dollars, after four sessions of decline in a row.

“The main factor (of the rise in the greenback) remains the fear of a second wave of viruses that has already led to the reintroduction of restrictions in some European countries, which may hamper economic recovery,” commented Thu Lan Nguyen, analyst at Commerzbank.

recent days, the United Kingdom and France have announced new measures to restrict the spread of the new coronavirus, in particular on the opening hours of bars and restaurants. The German city of Munich has also tightened its restrictions

According to Fiona Cincotta, for City Index, the attractiveness of the dollar is also explained by its status as a safe haven, which allows it to take advantage of the uncertainty of the period.

In addition, investors were aware of the morale of German entrepreneurs on Thursday.

According to the IFO barometer, it rose to 93.4 points, slightly more than the 92.6 points of the previous month.