{"id":16523,"date":"2026-05-15T15:18:00","date_gmt":"2026-05-15T15:18:00","guid":{"rendered":"https:\/\/www.h2o-am.com\/?p=16523"},"modified":"2026-07-27T15:20:59","modified_gmt":"2026-07-27T15:20:59","slug":"le-dollar-smile-saplatit-et-ce-nest-pas-quun-phenomene-conjoncturel","status":"publish","type":"post","link":"https:\/\/www.h2o-am.com\/fr\/le-dollar-smile-saplatit-et-ce-nest-pas-quun-phenomene-conjoncturel\/","title":{"rendered":"Le dollar smile s\u2019aplatit &#8211; et ce n\u2019est pas qu\u2019un ph\u00e9nom\u00e8ne conjoncturel"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Alors que le conflit au Moyen-Orient fait flamber les cours du p\u00e9trole, Vincent CHAILLEY (portrait), Directeur des Investissements d\u2019H2O AM Groupe, livre son analyse : les \u00c9tats-Unis sont plus vuln\u00e9rables qu\u2019il n\u2019y para\u00eet, et le choc en cours acc\u00e9l\u00e8re une remise en cause structurelle du r\u00f4le mondial du dollar. Le conflit au Moyen-Orient a provoqu\u00e9 une hausse de 70 % du prix du p\u00e9trole \u2014 le choc le plus violent depuis cinquante ans. L\u2019Europe et l\u2019Asie sont-elles les plus expos\u00e9es ? En premi\u00e8re lecture, oui \u2014 elles sont importatrices nettes, et la hausse des prix de l\u2019\u00e9nergie p\u00e8se directement sur leurs entreprises et leurs m\u00e9nages. Mais ces r\u00e9gions disposent\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lire l&rsquo;article complet sur le site de l&rsquo;Agefi Lux : <a href=\"https:\/\/agefi.lu\/Mensuel-Article.aspx?date=May-2026&amp;mens=336&amp;rubr=3220&amp;art=32939\">Le dollar smile s\u2019aplatit &#8211; et ce n\u2019est pas qu\u2019un ph\u00e9nom\u00e8ne conjoncturel &#8211; Agefi Luxembourg<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alors que le conflit au Moyen-Orient fait flamber les cours du p\u00e9trole, Vincent CHAILLEY (portrait), Directeur des Investissements d\u2019H2O AM Groupe, livre son analyse : les \u00c9tats-Unis sont plus vuln\u00e9rables qu\u2019il n\u2019y para\u00eet, et le choc en cours acc\u00e9l\u00e8re une remise en cause structurelle du r\u00f4le mondial du dollar. <\/p>\n","protected":false},"author":7,"featured_media":16524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[78],"tags":[],"class_list":["post-16523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-presse"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Alors que le conflit au Moyen-Orient fait flamber les cours du p\u00e9trole, Vincent CHAILLEY (portrait), Directeur des Investissements d\u2019H2O AM Groupe, livre son analyse : les \u00c9tats-Unis sont plus vuln\u00e9rables qu\u2019il n\u2019y para\u00eet, et le choc en cours acc\u00e9l\u00e8re une remise en cause structurelle du r\u00f4le mondial du dollar.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" 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