The euro is experiencing significant growth, with investors increasingly viewing it as a viable alternative to the dollar given the rising global uncertainty.

This is reported by Bloomberg.

The euro has surged to its highest level in three years, approaching $1.15, while hedge funds and analysts suggest a potential rise to $1.20 in the coming months.

This growth is driven by a reevaluation of the dollar's traditional role as a safe haven asset, particularly in light of new tariffs imposed by the Trump administration.

In just two days last week, the euro appreciated nearly 4%.