The European currency suffers mainly from inflation in the United States, which leads to a rise in American interest rates, and from the exhibition of the countries of the euro zone to the fallout from the war in Ukraine.
Le Monde with AFP and reuters
sealed by the gloomy perspectives of the European economy, with the possibility of stopping Russian gas supplies, the euro plunged Wednesday July 13 under the symbolic threshold of a dollar, which has been a first since December 2002, almost a year after its circulation.
The single European currency has been depreciated by 12 % since the start of the year and its decline has been accentuated in recent weeks, by standing at 0.9998 dollars, Wednesday at 2:45 p.m. Paris.
Galloping inflation
It mainly suffers from galloping inflation in the United States, which leads to the rise in American and earlier American and British interest rates, faster than that of the rate of the European Central Bank (ECB), and the Exhibition of the countries of the euro zone at the fallout from the conflict in Ukraine, which raises fear of growth, or even a recession in the event of a complete cessation of Russian gas deliveries.
The dollar benefits from its status of refuge value in a context dominated by the deterioration of economic perspectives: the American currency has been evolving for the highest years against other major currencies and for twenty-four years against the yen .