ECB’s Lagarde credits Trump’s erratic policies for euro’s surge over US dollar
The post ECB’s Lagarde credits Trump’s erratic policies for euro’s surge over US dollar appeared on BitcoinEthereumNews.com. Christine Lagarde, the president of the European Central Bank, said that the recent climb of the euro over the US dollar came from what she called Donald Trump’s erratic decisions. According to La Tribune Dimanche, Lagarde told the paper on Saturday that instead of the dollar gaining ground during global uncertainty like it usually does, the euro is the one going up. “It’s impressive to note that in a period of uncertainty when we should normally have seen the dollar appreciate significantly, the opposite happened: the euro appreciated against the dollar,” she said. Her explanation: people in the markets no longer trust how Trump is running things. Lagarde called the moment “counterintuitive” but not surprising. She said the dollar is falling because of what she described as confusion and loss of confidence caused by the president’s actions. In her words, “uncertainty is permanent and renewed daily” in the United States, and that is pushing investors toward Europe. She also said this isn’t a problem for Europe — “more than a threat, it is an opportunity.” She told the paper that now is the time for European Union leaders to move faster and finish what she called the job of integration. Lagarde calls for deeper EU integration to capitalize on currency change Lagarde explained that Europe is being seen as more reliable right now. She said the region offers a “stable economic and political area,” with a strong currency and a central bank that isn’t under any political pressure. She warned that the US can no longer claim that same kind of independence. She didn’t mention any names in that part, but she was clearly pointing at Trump’s frequent outbursts at the Federal Reserve. Lagarde warned that a central bank being controlled by politicians never ends well. “The independence of the…
The post ECB’s Lagarde credits Trump’s erratic policies for euro’s surge over US dollar appeared on BitcoinEthereumNews.com.
Christine Lagarde, the president of the European Central Bank, said that the recent climb of the euro over the US dollar came from what she called Donald Trump’s erratic decisions. According to La Tribune Dimanche, Lagarde told the paper on Saturday that instead of the dollar gaining ground during global uncertainty like it usually does, the euro is the one going up. “It’s impressive to note that in a period of uncertainty when we should normally have seen the dollar appreciate significantly, the opposite happened: the euro appreciated against the dollar,” she said. Her explanation: people in the markets no longer trust how Trump is running things. Lagarde called the moment “counterintuitive” but not surprising. She said the dollar is falling because of what she described as confusion and loss of confidence caused by the president’s actions. In her words, “uncertainty is permanent and renewed daily” in the United States, and that is pushing investors toward Europe. She also said this isn’t a problem for Europe — “more than a threat, it is an opportunity.” She told the paper that now is the time for European Union leaders to move faster and finish what she called the job of integration. Lagarde calls for deeper EU integration to capitalize on currency change Lagarde explained that Europe is being seen as more reliable right now. She said the region offers a “stable economic and political area,” with a strong currency and a central bank that isn’t under any political pressure. She warned that the US can no longer claim that same kind of independence. She didn’t mention any names in that part, but she was clearly pointing at Trump’s frequent outbursts at the Federal Reserve. Lagarde warned that a central bank being controlled by politicians never ends well. “The independence of the…
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