ECB wants a global euro, but appreciation of the single currency poses risks to the European economy
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Christine Lagarde, President of the European Central Bank, has revised her strategy
In Sintra, a cloudier future was outlined, painted with global uncertainties, but decision-makers see the possibility of the euro gaining ground against a dollar weakened by Trump. Lagarde in no rush to cut interest rates
The European Central Bank (ECB) Forum had not even started in Sintra yet, and its president, Christine Lagarde, was already setting the tone. In an article written in the “Financial Times”, she wrote: “This is the moment of the ‘global euro’” . aiming for the historic dominance of the US dollar, at a fracturing moment in the global order. But wanting the currency to dominate the world is different from wanting the currency to appreciate for the whole world.
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