The European currency is at its highest since early January against the dollar. The euro taking advantage of the recovery that is looming in Europe. The euro climbed against the dollar on Tuesday to its highest level in more than five months, the greenback suffering from the caution of the American Central Bank (Fed). Around 9 a.m. GMT (11 a.m. in Paris), the euro appreciated by 0.35% to 1.2258 dollars per euro. Around 08:30 GMT, the European single currency reached 1.2262 dollars, its highest since the beginning of January.

According to Markets.com analyst Neil Wilson, the euro is strengthening even as German GDP fell 1.8% in the first quarter. But more recent indicators are more positive. While the Fed promises for now to keep its monetary policy unchanged to support the recovery, investors are now wondering if the European Central Bank (ECB) will not tighten its monetary policy before, which would make the euro more attractive. .