Can Euro collect US dollars as the world’s backup currency?

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The euro saw significant gains against the dollar between the uncertainty around the Trump’s tariff policy policy.

Matt Cardy | Getty Images News | Getty pictures

US President sparks the tariffs of Donald Trump Variability in American assets – And European officials do not have a secret to ask the euro to be seized To praise confidence in US dollars.

This dollars The world’s most common resource currency is accounting About 60% plays an important role in the trading of global currency resources and assets oil and gold. Also acts as a pole for currencies including Hong Kong dollar and Saudi Riyali.

In second place, standing behind Greenback, this is euroIt is about 20% of the international FX reserves.

The dollar index – measuring Greenback against a basket of large competitors – more than 8% since the beginning of the year. This week, European Central Bank President Kristin Lagarde gave an opportunity to raise the status of the European politicians in the driving geopolitical landscaping of these actions.

“Multilateral cooperation is replaced by a zero amount and a bilateral energy play,” Monday Monday’s performance in Herty school in Berlin. “There is also uncertainty about the basic star of the system: the dominant role of US dollars.”

This said: “It can open the door to play a larger international role in the euro.”

“Guaranteed, Guaranteed,” said Lagarde, despite the fact that the European currency could have a more global impact with the correct policy mixture.

“First, European trade must ensure that it is a solid and reliable geopolitical foundation by protecting a restrained obligation with security opportunities,” he said.

“Secondly, we must strengthen Europe to make Europe’s best place to provide deeper and more liquid capital markets. Third, we must strengthen our legal funds by combining political pressures by defending the rule of law and defending the rule of law.”

An euro, which has a rising reserve currency, including European, Lagarde, including low debt expenses, including regional governments, will prefer a euro to protect the volatility of regional governments and other compulsory measures for Europe.

“In short, Europe would allow him to better manage his destiny,” Lagarde said.

It is not the only ECB official who inspects the capabilities for the euro as confidence in the US government. Last week, Isabel Schnabel, a member of the Central Bank Board, gossip The euro area can be a safe shelter as a policy of political policy with Trump’s tariff policy, “a historical opportunity to develop the international role of the euro.”

Speaking to CNBC, market watchers were divided into the potential of the euro to seize part of the global FX holdings.

In Friday, George Buckley, who visited CNBC’s European Early Edition, said the European Economic Economist, said that the investors looked away from GreenBback.

Lagarde did not agree with the assessment of the currency of the currency, Bucki replied: “Of course, to some extent.”

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“The dollar is still the world’s largest reserve currency … The euro is still a farmer, but it is very important with everything in the United States,” he said. “I think I’m sure it will be more interested.”

Buckley said that in the current environment, investors have seen suggestions that they can want to separate their funds in addition to the dollar.

“If they are thinking of the dollar, the euro is an open choice,” said CNBC. “This is a great trading block and obviously euro benefits from this. We think it can rise to about $ 1.20 by the end of the year.”

Euro was trading on Friday at $ 1.13 in the morning. From the beginning of the year, the exchange gained more than 9% compared to US dollars – $ 1.20, will record an additional 6% addition to current prices.

Buckley, FP markets, Aaron Hill, Aaron Hill, Aaron Hill, looked optimistic about the CNBC’s head market analyst.

“When supporting the European Union by the main economic weight, we faced significant obstacles,” he said. “Member States are limiting the global impact on political division and confidence in the US security frames.”

Hill added that the restrictions of the euro are unlikely to be evaporated at any time.

“When the US debt is increasing and the global union is a guarantee investigation, the euro is a shortage of unity and in the near future,” he said, “CNBC said. “Now the green of the Greenba will endure and shake.”

On Tuesday, Great Investment Specialist in Mirabaud Group called the European Early publication of CONBC that the US dollar was a “competition for US dollars”, which made almost 60% of global currency reserves.

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