The value of the euro fell to a dollar this Tuesday, July 12, 2022. A first in 20 years.
The two currencies have lined up today, something that had not taken place since the circulation of the European currency. The main cause of the drop in the euro is the risk of cutting Russian gas supplies for the European economy.
Investors favored the greenback, a refuge value, which has won almost 14% since the start of the year and briefly exchanged for a dollar for a euro around 9:50 am GMT, a summit since December 2002.
Indeed, the largest gas pipeline carrying Russian gas to Europe began, yesterday, its annual maintenance, the flows, before 10 days for 10 days, but governments, markets and European companies fear that the closure will be extended due to the war in Ukraine.
