The euro is experiencing remarkable growth as investors increasingly view it as an alternative to the dollar in the face of rising global uncertainty.
This is reported by Bloomberg.
The euro has reached its highest level in three years, nearing the $1.15 mark, with many analysts suggesting it could strengthen to $1.20 in the near future.
This surge is driven by a reassessment of the dollar's traditional role as a safe-haven asset amid new tariffs imposed by the previous U.S. administration.
In just two days last week, the euro appreciated by nearly 4%.