Lagarde pointed to strengthtening opportunities for euro on global market

According to the statements by Christine Lagarde, President of the European Central Bank (ECB), unpredictable trade policies of US President Donald Trump present a "great opportunity" to reinforce the euro positions on the global market. She noted that the ongoing changes create favorable conditions for boosting the euro’s significance and allow the currency bloc to leverage privileges previously held by the United States.

In her speech in Berlin, Lagarde emphasized the positive outcomes for national governments if they successfully address current challenges. Among these are lower borrowing costs, protection against sharp currency fluctuations, and mitigation of the impact of trade tariffs. Moreover, she highlighted three key areas to enhance the euro’s global status: establishing a strong geopolitical foundation, reducing regulatory barriers, and increasing joint financing.

Additionally, based on data provided by Bloomberg, the ECB’s recent report noted the stability of the euro in 2023.