(BFM Stock Exchange) – The motto of the euro zone climbed up to $ 1.1632 this Thursday, June 12, a level that had not been crossed since October 2021, according to Investing.com data.

The dollar continues its inexorable fall in the face of other currencies, especially the euro. The greenback lost 0.8% against the currency of the euro zone, this Thursday, June 12. In the other direction, the euro climbs 0.8% against the dollar to 1.1575 dollars.

At the highest, the euro typed $ 1.1632 this Thursday, a level that had not been reached since October 2021, according to investing data, com, three and a half years.

The dollar suffers once again, weighed down by the umpteenth threats from the American president, Donald Trump, on customs duties.

The tenant of the White House has repeated again that he would soon establish customs surcharges within two weeks, except agreements signed in the meantime. The boarder of the White House explained that he was going to send letters in one to two weeks to each country to communicate the American requirements to them.

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Trump put “oil on fire” back “

Its trade secretary, Howard Lungick, told him that the European Union would probably be one of the last business partners with whom a waiting field could be found.

“President Trump has returned oil to fire on customs prices, reviving threats and reminding everyone that on July 9 is not only a date, it is a deadline” and the dollar “continues to suffer”, explains Stephen Innes.

Trump’s procrastination on customs surcharges have created deep uncertainty. This caused a certain disenchantment of investors for American assets such as stocks and obligations.

Consequently, market operators have sold American titles to buy titles from other countries, which ultimately comes up to sell dollar to buy other currencies.

This market rotation has pressed the American currency which drops by 10.6% against the euro since the start of the year.

The dollar tumble in the face of the Euro zone currency is a priori finished, according to the design offices. Bank of America Taits a Euro at $ 1.17 by the end of the year, Morgan Stanley sees him exceeding 1.20 and even 1.25 next year, UBS is 1.20 on the horizon June 2026 and Deutsche Bank at 1.25 for December 2026.