Frankfurt: European Central Bank (ECB) President Christine Lagarde says the recent rise of the euro against the US dollar is a consequence of US President Donald Trump’s erratic policies and an opportunity for Europe.
“It’s impressive to note that in a period of uncertainty when we should normally have seen the US dollar appreciate significantly, the opposite happened: the euro appreciated against the US dollar,” she told La Tribune Dimanche. “It’s counterintuitive, but justified by the uncertainty and loss of confidence in US policies among certain segments of the financial markets.”
