The euro appreciated Monday at the end of the session against the dollar in a quiet market in the absence of many London traders and continuing to digest the turn of monetary policy of the American Central Bank (Fed).

Around 7:00 p.m. GMT (9:00 p.m. in Paris), the euro gained 0.28% against the greenback, at 1.1936 dollars.

The single currency rose to 1.1966 dollars during the session, thus returning to its highest level in two years against the greenback, already reached in mid-August.

"The promise of a status quo on the most important interest rates and the resumption of economic activity on a global level is driving up equity markets for the 5th month in a row", noted Joe Manimbo of Western Union.

In this context of risk appetite, the dollar, considered a safe haven, is somewhat neglected and has been falling steadily since April.

The Fed announced last week that it could allow inflation to slip temporarily above 2% in the future before acting on rates, suggesting that rates would remain at a low level for a long time to come. What weigh a little more on the greenback.

This change in policy is a "critical" development to enable it to adapt to the new economic reality, said Monday its vice-president Richard Clarida.

“The existing framework has been effective” for several years following the global financial crisis, he stressed. “But times change, and so does the economic landscape, and our framework and our strategy must change as well.”

After several sessions without a major indicator on the Eurozone side, the evolution of the single currency “will be more likely to follow the indicators in the days to come with European PMIs and German unemployment, retail sales and manufacturing orders. “, remark the analysts of Scotiabank.

On the dollar side, there will mainly be the official monthly employment report on Friday.

The greenback also remained up on Monday against the yen, "which could be the consequence of the current political and economic uncertainty in Japan" after the shock Friday of the announcement of the forthcoming resignation of Prime Minister Shinzo Abe, underlines Kathy Lien of BK Asset Management.