“The euro has gained momentum… amid uncertainty surrounding US fiscal and trade policy.”
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The US dollar is facing renewed pressure as the impact of former President Donald Trump’s tariffs reverberates across global markets, boosting the euro’s strength in recent weeks.
Currency analysts point to growing investor concerns over long-term trade imbalances and rising import costs tied to tariff policies initiated during Trump’s administration. The tariffs, which targeted China and other key trade partners, have led to inflationary trends and decreased foreign demand for the dollar.
“The greenback is no longer the safe haven it once was,” said one analyst, noting how investors are shifting to the euro and other stable currencies.
The euro has gained momentum, with markets seeing it as a more attractive alternative amid uncertainty surrounding US fiscal and trade policy.