The run of the euro is accelerating, returning today to exceed 1,12 against the dollar for the first time since last October 23rd. At the beginning of the afternoon, the increase was 1,37%, to 1,1232.
The leap reflects the sharp depreciation of the US currency, weakened by the increasingly probable hypothesis that the Federal Reserve will slow down the progressive rise in interest rates compared to what was expected just a few weeks ago. These hypotheses are also fueled by the weakening of the activity of service companies, highlighted by the Ism index.
Furthermore, yesterday, one of the exponents of the Fed's directors, William Dudley warned that the recent tensions in the markets, combined with the appreciation of the dollar, could weigh on the dynamics of US growth.
