The euro rose on Wednesday against a dollar neglected by investors for several weeks due to fears linked to the effects of the Covid-19 pandemic in the United States and the blockage on a potential recovery plan.

Around 7:00 p.m. GMT (9:00 p.m. in Paris), the euro gained 0.38% against the greenback, at 1.1785 dollars.

The US currency fell last Thursday to its lowest level in more than two years before recovering a little in the last few days.

"Beyond the short term, we continue to believe bond yields will stay low and the dollar will weaken," said MUFG analyst Lee Hardman.

In the United States, discussions between Republicans and Democrats on a new aid plan for Americans remained at a standstill on Wednesday.

Larry Kudlow, economic adviser to Donald Trump, judged on Fox Business that additional measures were not essential, because executive orders signed by the tenant of the White House on Saturday "provide considerable assistance and support for economic growth."

In addition, gold was recovering after experiencing its worst session since 2013 on Tuesday, losing around 5.7%.

This fall is explained by "massive profit taking", according to Ipek Ozkardeskaya, of Swissquote Bank, following the all-time high reached last week by the precious metal.

Several analysts also spoke of a slight rise in US bond yields, which reduced the attractiveness of the yellow metal in comparison.

On Wednesday, gold rose 0.86% to $1,928.30 an ounce.

For its part, the pound sterling fell after the publication of the British GDP which reported a record fall of 20.4% in the second quarter. The country signs the worst performance in the second quarter in Europe.

The British currency lost 0.53% against the euro, at 90.46 pence per euro, and 0.15% against the greenback, at 1.3029 dollars.