The euro has been gaining steam as investors seek new havens during geopolitical turmoil.
Paywall? https://archive.is/G7MKS
The euro has been gaining steam as investors seek new havens during geopolitical turmoil.
Paywall? https://archive.is/G7MKS
That will only happen if the dollar actually uses stability, which is not yet the case, because the dollar is the global reserve.
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.