Monday class Friday class

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09:00 GMT 21:00 GMT

EUR/USD 1.1843 1.1842

EUR/JPY 126.07 126.23

EUR/CHF 1.0751 1.0765

EUR/GBP 0.9042 0.9050

USD/JPY 106.43 106.60

USD/CHF 0.9076 0.9091

GBP/USD 1.3102 1.3086

The euro was stable against the dollar on Monday, with no new stage in trade negotiations between China and the United States and while the American recovery plan is long overdue.

Around 09:00 GMT (11:00 CET), the euro gained 0.01% to 1.1843 dollars.

"Major currencies were little changed overnight," said MUFG analyst Lee Hardman.

“The absence of headlines over the weekend, particularly on the trade front between the United States and China, led to a slight sale of dollars in the Asian session,” added Jeffrey Halley of Oanda.

Trade talks scheduled for Saturday between China and the United States to take stock of the agreement signed in January were indeed postponed the day before, in the midst of renewed tensions between the two countries, according to press reports.

No date has been given for this new meeting, which was to take place by video interposed, according to the Bloomberg agency.

"The delay in the negotiations can be seen as worrying for the future of the agreement, but calming to a certain extent since a postponement is preferable to no agreement", explained Ipek Ozkardeskaya, of Swissquote Bank

According to Ricardo Evangelista, of ActivTrades, the greenback also remains under pressure "from the number of deaths linked to Covid-19", close to 170,000 in the country, and from the endless debates between Democrats and Republicans which "prevent the signing of 'a much-needed financial stimulus package for an economy that now has more than 30 million people out of work.'

Dollar downside risks “could be even greater as many investors, including big funds, turn away from the greenback,” which has lost some 5% against the European currency since July, he added. .