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The euro is poised to gain from a potential shift in global reserve currency dynamics as Europe unites to enhance defense spending, according to UBS analysts. Following a significant military investment announcement from Germany and a recent agreement among EU and UK leaders, the euro has experienced its strongest rally since 2015. This newfound unity may lead to increased European capital retention, positioning the euro as a viable alternative to the US dollar in global reserves.
The euro is poised to gain from a potential shift in global reserve currency dynamics as Europe unites to enhance defense spending, according to UBS analysts. Following a recent agreement among EU and UK leaders, Germany announced significant defense investments, which could lead to increased European capital retention and elevate the euro's status as a reserve currency, challenging the dominance of the US dollar. Currently, the euro accounts for only 20% of official foreign-exchange reserves, while the dollar holds over 57%.
Alvise Marino
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euro poised for growth as europe strengthens defense spending and unity
14:09 06.03.2025
euro poised for growth as europe strengthens defense spending and unity
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13:28 06.03.2025
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