The euro is experiencing significant gains, as investors increasingly view it as a viable alternative to the dollar in light of growing global uncertainty.
This is reported by Bloomberg.
The euro has risen to its highest level in three years, approaching $1.15, with hedge funds and analysts predicting a possible strengthening to $1.20 in the coming months.
This increase is driven by a reevaluation of the dollar's traditional role as a safe-haven asset, particularly in response to new tariffs implemented by the Trump administration.
In just two days last week, the euro appreciated by nearly 4%.
