Euro Climbs Against Dollar Amid Trump's Tariff Uncertainty

The euro has gained ground against the dollar. This comes amid uncertainty surrounding President Trump's tariff policies. European officials are eyeing the euro to capitalize on wavering confidence in the U.S. dollar. The dollar remains the world's primary reserve currency. It accounts for nearly 60% of global foreign exchange reserves. The euro is second, holding about 20% of international FX reserves. Trump's tariffs have triggered volatility in U.S. assets. The dollar's role as a peg for currencies like the Hong Kong dollar and Saudi Riyal adds to its global importance.