Around 9 p.m., the euro lost 0.81% against the greenback, at 1.1781 dollars, after having temporarily lost more than 1% during the session. Thursday, it had reached 1.1916 dollars.

The dollar, after falling to its lowest level in two years on Thursday, took advantage of US employment data on Friday to regain some ground.

Around 7:00 p.m. GMT (9:00 p.m. in Paris), the euro lost 0.81% against the greenback, at 1.1781 dollars, after having temporarily lost more than 1% during the session. On Thursday, it had reached $1.1916, its highest since May 2018.

“The dollar managed to keep its head above water after better-than-expected job creation data in the United States, which at least temporarily alleviated concerns about the economic slowdown caused by the pandemic. “says Joe Manimbo of Western Union.

The monthly report on employment has indeed reported 1.8 million jobs created in July in the country. This figure is much lower than that of June, but analysts polled by Bloomberg were expecting just under 1.5 million.

“Many investors were expecting a negative release, but that pessimism will just shift into next month when the report includes the majority of the downturn that stemmed from the resurgence of the virus in states experiencing a second wave,” commented Edward Moya, analyst for Oanda.

With an increase in cases of COVID-19, many states such as California, Texas, Florida, have indeed had to close restaurants and stores that had reopened a few weeks earlier.

However, according to Commerzbank's Thu Lan Nguyen, who spoke earlier today, "even a good report is unlikely to support the dollar over the long term."

For her, the weakness of the dollar is indeed explained above all by the monetary policy of the American Federal Reserve, which has become with the COVID-19 crisis almost as accommodating as that of the European Central Bank, which justifies the rebalancing of the two currencies.

The euro-dollar pair is indeed evolving at levels comparable to those of a little over two years ago, when the Fed had initiated a cycle of monetary tightening, on which it has completely reversed since March.

On Friday, however, the dollar also benefited from a renewed appetite for sure values with "the rise in tensions between the United States and China and the absence (in the middle of the day, editor's note) of agreement in Washington on a new program to support the economy,” underlined Joe Manimbo of Western Union.