The euro rose against the dollar on Tuesday, helped by German growth figures in the second quarter and less investor interest in the greenback.

Around 7:00 p.m. GMT (9:00 p.m. in Paris), the euro gained 0.39% against the greenback, to 1.1834 dollars.

“The US dollar is falling, penalized by riskier choices on the part of investors”, estimated Lee Hardman, analyst at MUFG, who points to the record reached on Monday by the S&P 500, the broader stock market index of Wall Street. .

This risk appetite is also fueled by the resumption of discussions between the United States and China on their trade agreement, he added.

Moreover, the German growth figures prompted a "positive reaction" from the euro, noted Ipek Ozkardeskaya of Swissquote Bank.

German GDP is down 9.7% compared to the previous quarter over the period from April to June, the statistics office Destatis said on Tuesday, which until then had mentioned -10.1%.

Forex traders are now awaiting a speech from US Federal Reserve (Fed) Chairman Jerome Powell on Thursday at the annual Jackson Hole symposium, potentially revealing the US Federal Reserve (Fed)'s next directions.

"The dollar came under huge downward pressure because the Fed pushed interest rates to their all-time high," Avatrade's Naeem Aslam said.

"Investors now want to know if the institution sees a recovery in the US economy and, if so, what that means in terms of monetary policy."

"The market more or less expects Mr. Powell to be more in favor of policy easing in his speech, but more focused on controlling inflation than on a possible rate cut. as such," Scotiabank analysts said.

From this perspective, "we expect the dollar to remain under pressure at least in the short term," they said.