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Trump has created a chance for the euro to rival the dollar

Financial Times LogoFinancial Times15h ago

Trump has created a chance for the euro to rival the dollar - Financial Times

Quick Summary:

Some of its members think the dollar’s attraction — the “exorbitant privilege” of guaranteed cheap credit from the rest of the world — is in fact an exorbitant burden that, by driving up the currency, depresses American manufacturing.

Unifying stock markets and a pan-EU so-called “28th regime” of corporate law should help boost risk capital in euros.

Historically, global businesses’ choice of invoicing and funding currencies in international trade have preceded countries’ choice of reserves denominations.


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Article Details

Author / Journalist: Martin Sandbu

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 04:00:25 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 826 words

Reading Time: 5 minutes read

Sentences: 42 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 28385655

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

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