Dollar Sinks to Four-Year Low as Euro Surges

Digi 24

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The euro has reached the highest level in the US dollar in almost four years, investors prefer safe assets in the context of the impact on the trade agreement between the US and China, transmitted Bloomberg and Reuters.

abc

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The euro managed to defend its role as the second most important currency in the world in 2024. Its influence remained stable , according to the latest report of the European Central Bank , and its share in the world’s official foreign exchange reserves showed little change, reaching 19%, 20% adjusted to exchange rate variations. The most used currency remains the US dollar , but its share in world foreign exchange reserves fell by 2 percentage …

Korrespondent.net

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In the world markets, the euro-dollar exchange rate rose to 1.16 the day before, the highest since October 2021, but the dollar began to grow again after Israel's attacks on Iran.

bolsamania.com

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Related news The euro is strengthened against the dollar and peak scale since the end of 2021 "Everyone loves the euro", they say in ING, where they believe that "it appears to be the great benefit of dedollarization", something that has been helped by a "slightly more aggressive" European Central Bank (ECB) as well as "certain weakness in the currencies of key trading partners, such as the United Kingdom". They note that EUR/USD quotes "well ab…

antena3.ro

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The euro has reached the highest level in the United States dollar for nearly four years, investors prefer safe assets in the context of the impact on the trade agreement between the US and China.