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

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

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

The United Kingdom and France have announced in recent days new measures to restrict the spread of the new coronavirus, including 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 took note thursday of the morale of German entrepreneurs.

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