The euro is experiencing remarkable growth as investors increasingly view it as a substitute for the dollar amidst global instability.

This is reported by Bloomberg.

The euro has reached its highest level in three years, approaching $1.15, and experts predict a possible strengthening to $1.20 in the near future.

This surge is driven by a reassessment of the dollar's traditional role as a safe-haven asset due to new trade tariffs imposed by the Trump administration.

In just two days last week, the euro appreciated by nearly 4%.