The dollar, which had been abandoned during the summer in favor of a return to favor of the taste for risk on the stock market, has quickly regained its role as a safe haven in recent days. The pound sterling, on the other hand, is suffering from fears of a "hard Brexit".

The return of worries about the global economy and the correction in equity markets led to significant adjustments in foreign exchange markets at the beginning of the week.

The dollar, which had been abandoned during the summer in favor of a return to favor of the taste for risk on the stock market, has quickly regained its role as a safe haven in recent days. On Tuesday evening, the dollar index, which measures its evolution against 6 reference currencies, strengthened by 0.8% to 93.45 points, the highest in nearly a month. The yen also gained ground, advancing Tuesday night by 0.2% to 106.03 Y/$.

Sterling, meanwhile, has borne the brunt of a renewed risk of a no-deal Brexit. After already losing nearly 1% on Monday, the pound sterling fell another 1.35% to $ 1.2988 tuesday night. Against the euro, the British currency fell more than 1% to 90.70 pence per euro. While a new session of negotiations with Brussels began on Tuesday, British Prime Minister Boris Johnson confirmed the press information published on Monday, setting a new deadline of 15th October... "If we can't agree by then, I don't see a free trade agreement between us," and the UK will leave the EU at the end of December no matter what, he warned.

According to the Financial Times, the British government's director of legal services, Jonathan Jones, has resigned due to a disagreement with the government's now stated willingness to revise the part of the Brexit agreement dedicated to Ireland that was concluded last year. era

The euro fell 0.3% to $1.1780 on Tuesday evening, ahead of the ECB's re-entry meeting, scheduled for Thursday. While the latest macroeconomic indicators show that the post-Covid recovery is slipping in Europe, the central bank could be open to new support measures, even if no concrete gesture is expected this week by economists.