ECB: Euro as a safe haven during market volatility
The European Central Bank reported that the decision-making of U.S. President Donald Trump over the past year influenced the dollar's behavior as a safe-haven asset, enabling the euro to assume this role during market tensions in 2025 and 2026. Although the dollar has weakened against major currencies, including the euro, American dominance in the global market remains strong due to the depth of U.S. markets and the ongoing appeal of American assets. The report also noted that the euro ranks second worldwide in terms of usage in trade and debt issuance, but it faces geopolitical challenges and an increasing demand for gold and cryptocurrencies.
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