Euro, Along with Bonds, Becoming Alternative Safe Asset

The euro is recording its fastest growth in 15 years, and investors are increasingly seeing it as an alternative to the US dollar amid growing global uncertainty. Bloomberg writes about this.

The currency has risen to a three-year high and is approaching the $1.15 mark, and hedge funds and analysts are already talking about a possible strengthening to $1.20 in the next three to six months.

The growth comes as the dollar’s ​​traditional role as a safe haven is being reconsidered in the face of new trade tariffs imposed by the Trump administration. In just two days last week, the euro rose almost 4%, the second-largest jump in options volume, according to data from Depository Trust & Clearing Corp.