BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Trump’s Policies May Pave Way for Euro to Challenge Dollar Dominance
Trump’s Policies May Pave Way for Euro to Challenge Dollar Dominance
8
1
US President Donald Trump’s trade and financial policies are undermining investor confidence in the dollar, creating a potential opening for the euro to ascend as a global reserve currency. The administration’s approach has sparked internal debate, with some viewing the dollar’s strength as a liability for American manufacturing, while others, including Treasury Secretary Scott Bessent, advocate for its continued supremacy.
The European Union sees an opportunity to reduce reliance on the greenback, particularly in stablecoins, which currently drive demand for US Treasury securities. Trump’s tariff policies are further eroding trust in the dollar’s stability, though its attractiveness remains intact for now.
By:
Previous
Pound Rebounds Amid Mixed US Labor Data and BoE Rate Cut Expectations
Next
Donald Trump Breaks Silence on $TRUMP Token Profits
