The euro fell a little against the dollar on Tuesday after hearing the Chairman of the Federal Reserve and the US Secretary of the Treasury in front of parliamentarians.

Around 7:30 p.m. GMT (9:30 p.m. in Paris), the euro lost 0.11% against the greenback, at 1.1230 dollars.

Fed chief Jerome Powell said the US economy rebounded earlier than expected, but many uncertainties continued to weigh on the recovery.

US Treasury Secretary Steven Mnuchin for his part announced that the Trump administration would soon begin discussions with the Democrats with a view to adopting a new plan to help the economy which will have to focus on the sectors the most fragile.

In addition, the inflation rate in the euro zone rose very slightly to 0.3% in June, the month when containment measures were gradually lifted in Europe, according to an initial estimate published on Tuesday by the European Statistical Office. Eurostat.

This rate is very far from the ECB's objective, which is inflation "close to but below 2%".

"Dangerously low inflation is a big concern for central bankers because it can lead to deflation, a scenario that could prolong the economic downturn," said Western Union's Joe Manimbo.

From a longer perspective, “one of the biggest sources of uncertainty in the foreign exchange market in the second half of 2020 is whether the US dollar will maintain its safe-haven status as pandemic conditions deteriorate. in the United States compared to most other developed countries", explained Augustin Doittau, analyst for Ebury France.

The Covid-19 pandemic, which has just crossed two symbolic thresholds - more than half a million deaths and ten million cases - "is far from over" and is even "accelerating", warned Monday the 'World Health Organization, calling on the world to mobilize without waiting for a vaccine.

In the United States, the contagion is progressing in 30 of the 50 American states, in particular in the largest and most populated in the south and west of the country: California, Texas and Florida. And some had to take a break from the deconfinement process.