Explainer - Why the Euro's Rise to $1.20 Is a Big Deal?

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The collapse of the US currency, which is often considered a safe haven, benefits precious metals.

La Nación, Grupo Nación

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Washington, United States.The euro surpassed Tuesday the symbolic threshold of $1.20 for the first time since 2021, after President Donald Trump seemed to welcome the weakening of the US currency.Consulted Tuesday for the value of the US currency, Trump called it “formable.” The dollar “very good march,” he said.“It could make it rise and fall like a yoyo,” he added. Little after the Republican's words, the dollar fell 1.37% against the euro, up…

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The euro exceeded the $1.20 symbolic threshold in March - a premium over the last four years - benefiting from Donald Trump's indifference to the downturn of the US currency, AFP reports.

arvopaperi.fi

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The euro was already trading above $1.20. The rapid weakening of the dollar has been exceptional.

Jornal de Negócios

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For the first time since 2021, the euro has been able to break the threshold of 1,20 d. The wrong tips of Trump t m dropped or dropped into the position of failure and the latest comments are that the "green note" is going to "lightly" pressure the currency even more.