HomeEconomyThe Euro falls below the Dollar on Wednesday

The Euro falls below the Dollar on Wednesday

After parity on Tuesday, the Euro fell below the Dollar bar on Wednesday, a first since 2002. The European currency is weighed down by the gloomy outlook for the EU economy.

It is therefore with a view to stopping Russian gas supplies that the common European currency fell below the symbolic threshold of one dollar, which had not happened since December 2002.

This Wednesday therefore, the Euro was traded for 0.9998 dollars around 12:45 GMT+1.

The US currency also shines against other currencies considered vulnerable to risk, such as the pound sterling which plunged to 1.1807 dollars, a level more reached since March 2020, when the start of the Covid-19 pandemic in Europe , in the midst of Brexit negotiations, had pushed the British currency back to its lowest level since 1985.




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