Macron Sees Opportunity: Euro Poised to Challenge the Dollar Amid Trump Turmoil
(GudangMovies21) -- Donald Trump has sparked European leaders' curiosity regarding currency markets. After the euro jumped against the dollar, French president Emmanuel Macron quizzed central bank chief Christine Lagarde on the outlook for the exchange rate in private conversations in Brussels last week, according to people briefed on the discussions. Lagarde had been trying to persuade European Union leaders that Trump’s return offers opportunities to the bloc, the people said. As the U.S. president discards his country’s economic strategy—causing global market disruptions—a few members of Europe’s policy-making class see an opening for boosting the region’s shared currency. We shouldn't retreat; the euro has proven highly successful over the past 25 years," stated Bundesbank President Joachim Nagel during his recent trip to Paris. "Ultimately, should we become more competitive, the euro stands to gain significantly as a reserve currency. This month, Ge...