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Currency: Euro stable on Thursday

09/04/2021
Categories: Index/Markets

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After the minutes of the March meeting of the American Central Bank (Fed) which did not surprise traders, the euro remained stable against the dollar on Thursday.

Around 09:10 GMT (11:10 a.m. in Paris), the euro gained 0.04% against the dollar, to 1.1872 dollars for one euro. According to Stephen Innes, analyst at Axi, it seems that the bearish bets on the euro have lost steam since the end of the first quarter.
On March 31, the euro hit its lowest point since early November against the dollar, at 1.1704 dollars for one euro, but has since risen 1.5%.

Since the start of the year, traders have been betting on the greenback because the rapid vaccination campaign in the United States and the massive investment plans promise better prospects for the economy across the Atlantic.

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