For the first time since mid-2021, the euro rose to $ 1.20 yesterday, which was caused by the withdrawal of investors from the US dollar, which has gained momentum since the beginning of this year, Reuters reported.
The euro rose by 1.4% to $ 1.2049 per euro, which is its highest value since June 2021.
The single European currency has historically traded on average below $ 1.20 per euro since its creation in 1999. But this is much lower than the record $ 1.60 per euro in 2008
US President Donald Trump's unpredictable approach to trade, international relations and fiscal and monetary policy since the start of his second term in 2025 has led some investors to want to limit their exposure to assets such as the US dollar.
European currencies have mainly benefited from this reduction in dollar exposure. Over the past 12 months, the euro has appreciated by 14%, the Swiss franc by 15% and the Swedish krona by almost 20%.