The Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?

“The most comprehensive indication that funds are flowing to Europe: Since the beginning of April, the euro has gained 5.4 percent against the dollar, rising above $1.13, the highest level since late 2021...

The euro is now used by 20 member countries and represents about 20 percent of the world’s central banks foreign exchange reserves, a figure that has barely budged in the past two decades. Thirty percent of global exports are invoiced in euros, whereas more than half are in dollars.

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