The euro has been gaining steam as investors seek new havens during geopolitical turmoil.

Paywall? https://archive.is/G7MKS

  • abbadon420@sh.itjust.works
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    24 days ago

    That will only happen if the dollar actually uses stability, which is not yet the case, because the dollar is the global reserve.

    • Melchior@feddit.org
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      24 days ago

      In November 2005 the euro was at a similar level to today. In February of 2008 it was over 1.50. YTD we saw a 13.27% gain of the EUR. At that pace it takes about a year to be at 1.50. With Trump in charge and things like an end of the war in Ukraine possible, that could indeed happen.