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The euro has stabilized against the US dollar, having risen to its highest level in two weeks the previous day due to inflows at the end of the month and after news that the European Central Bank will reduce the cost of loans to banks.
Most of Europe is on Friday to mark International Labor Day, as well as many Asian countries, but the new month brings a new set of fears to investors, as the rate of Corona virus infection has risen to 3.3. millions worldwide and deaths have reached more than 230,000.
The US dollar also fell slightly against the Japanese currency, trading at 107.07 yen, although another indication of market difficulties, the Australian dollar, fell 1 percent to 0.6447, its lowest level since Tuesday.
The Canadian dollar fell 0.5 percent to 1.4016 against its US counterpart.
Analysts attribute the moves to poor stock performance in the United States.
The pound yielded some of the gains it had made the previous day, trading 0.4 percent less against the dollar and the euro at $ 1.2550 and 87.31 pence, respectively.
In the last trade, the euro rose 0.1 percent to $ 1.0969.
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