Since Franklin D Roosevelt dethroned sterling as the world’s reserve currency 80 years ago, the dollar has reigned supreme as the global currency of choice.

According to Jefferies, the euro has reached a bottom “for now” and will only go higher from here this year. “The mood on [the] euro coming into 2025 was so sour, with most expecting a break of parity, but now the euro is flying,” said Brad Bechtel, an analyst at the bank.

The euro is trading in the tightest range since President Donald Trump’s inauguration despite his comments that US trade restrictions are coming to Europe, a sign of market fatigue around tariff threats.

The euro dropped on Friday, after a meeting between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump went up in flames, dashing hopes any peace deal could be reached soon in the war with Russia.

The European Central Bank has cut interest rates by another quarter percentage point to boost growth, lowering credit costs for consumers and businesses to support an economy that is struggling to grow - and could soon face even stronger headwinds from threatened U.

The euro rebounded on Monday as hopes for a Ukraine peace deal improved, and interest rate differentials moved against the dollar ahead of a possibly pivotal steer on U.S. economic growth in the February payrolls report late in the week.

The $7.5 trillion-a-day currency market has become a focal point for investors as President Donald Trump enacts the biggest US tariff increases in a century. Changing global trade patterns affect ...

The euro was set for its best week in 16 years against the dollar on Friday, as Germany's game-changing fiscal reforms continue to attract buyers, while the greenback wallowed near a four-month low ahead of U.

The euro rose to its strongest level in nearly four months on Wednesday after Germany's conservatives and the Social Democrats agreed on a historic debt overhaul, while trading in currencies elsewhere was volatile amid a flurry of headlines.

“The signs that US exceptionalism is on the wane continue to increase” and the dollar has “fallen out of favour” amid the uncertainty, with the perceived inflationary impact of tariffs no longer enough to support it, said Kieran Williams, head of Asia FX at InTouch Capital Markets.