The greenback has lost its sparkle. Since the start of the year, the euro has won 13 % against the American currency, and is now $ 1.17. A generalized phenomenon to all major currencies. The Doxy Dollar index, which measures its value compared to six large reference currencies, has thus retreated 9.8 % since January, revealing an unstable dollar in the world exchange markets, like American economic policy, inconsistent. Between low dollars and strong euro, good or bad news for the global economy?
For the economist Pierre Jaillet, associate researcher at the Institute of International Relations (IRIS) and Strategic and the Jacques-Delors Institute, the causes which president of this devaluation of the dollar are American: “The first is the general movement of distrust of the dollar of private and official international investors because of the hesitations on Trump’s pricing policy.”
This is evidenced by the fluctuations of the greenback which act as seismographer of the commercial policy of the American president. At $ 1.04 /euro on January 20, Donald Trump’s inauguration day, the dollar drops to 1.11 on April 3, the day after the “Liberation Day”
