Wednesday class Tuesday class

                     7:00 p.m. GMT 9:00 p.m. GMT

EUR/USD 1.1716 1.1744

EUR/JPY 123.60 124.08

EUR/CHF 1.0794 1.0800

EUR/GBP 0.9083 0.9130

USD/JPY 105.49 105.66


USD/CHF 0.9213 0.9197

GBP/USD 1.2898 1.2863

New York (awp/afp) – The euro fell slightly against the dollar on Wednesday, while the greenback was supported by hopes of a political agreement on a new stimulus to the American economy.

Around 7:00 p.m. GMT (9:00 p.m. in Paris), the euro lost 0.23% against the greenback, at 1.1717 dollars.

The day before, the American currency had fallen sharply against the main currencies, pending the presidential debate which turned out to be vindictive and cacophonous. The greenback had dropped 0.66% against the euro.

On Wednesday, "the most notable news is that there appears to be progress on negotiations between Nancy Pelosi and the White House on an economic relief package," noted Mazen Issa of TD Securities .

The leader of the House Democrats was meeting with the US Treasury Secretary in the afternoon to discuss new economic aid, with the hope of a "reasonable compromise", in the words of Steven Mnuchin.

"That's probably the most important factor for the markets right now," the TD Securities analyst said as Wall Street rose steadily in the session.

Investors were also digesting the first debate between President Donald Trump and his Democratic rival Joe Biden, which took place on Tuesday and was dominated by invective, taunts and personal attacks.

"From a market perspective, the main risk posed by the US presidential election is a narrow victory by one of the candidates that would end up being contested, which would generate uncertainty, social unrest and contribute to the deterioration of an economy already battered by the coronavirus", explained Ricardo Evangelista, analyst for ActivTrades.

“The November 3 election in the United States is going to be monumental and the markets are starting to derisk the risk it represents,” said Mazen Issa.

The day also coincided with the end of the month and the end of the quarter, which can influence the strategies of investors who must record their balance sheet and rebalance their portfolio, for his part underlined Derek Halpenny, analyst for MUFG.

Good US indicators, on the private sector employment front and the real estate market, also provided support for the greenback.

On the euro side, the president of the European Central Bank (ECB), Christine Lagarde hinted on Wednesday that, like the Fed, she was thinking of being more flexible on her inflation target.