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Euro's strength against US dollar is 'counter-intuitive, but justified'
The Straits Times
|May 19, 2025
It is a result of Trump's erratic policies, and an opportunity for Europe, says ECB chief
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European Central Bank (ECB) president Christine Lagarde said the recent rise of the euro against the dollar is a consequence of US President Donald Trump's erratic policies, and an opportunity for Europe.
"It's impressive to note that in a period of uncertainty when we should normally have seen the dollar appreciate significantly, the opposite happened: the euro appreciated against the dollar," she told La Tribune Dimanche.
"It's counter-intuitive, but justified by the uncertainty and loss of confidence in US policies among certain segments of the financial markets," she added.
Echoing previous comments, Ms Lagarde said in an interview published on May 17 that "more than a threat, it is an opportunity" and that "leaders must accelerate the process of deepening the European Union".
Dit verhaal komt uit de May 19, 2025-editie van The Straits Times.
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