The euro is on the rise as investors increasingly view it as a reliable option amid growing global uncertainties.

This is reported by Bloomberg.

Currently, the euro has reached a three-year high, nearing the $1.15 mark, with analysts predicting it could strengthen to $1.20 in the coming months.

This growth is driven by a reevaluation of the dollar's traditional role as a safe haven asset, particularly in light of new tariffs instituted by the Trump administration.

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