The euro is showing remarkable gains as investors increasingly view it as a safeguard for their assets in the face of global economic instability.

According to Bloomberg.

The euro has climbed to its highest level in three years, approaching $1.15, with hedge funds and analysts predicting a further increase to $1.20 in the coming months.

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

In just two days last week, the euro appreciated by nearly 4%.