The euro is experiencing remarkable growth, with more investors considering it a viable alternative to the dollar amid rising global uncertainty.

This is reported by Bloomberg.

The euro has reached its highest level in three years, nearing the $1.15 mark, while analysts and hedge funds predict potential strengthening to $1.20 in the coming months.

This rise is driven by a reevaluation of the dollar's traditional role as a safe haven asset against the backdrop of new tariffs imposed by the Trump administration.

Just in two days last week, the euro appreciated by nearly 4%.