The euro surged to a three-year high against the US dollar amid tariff-driven market volatility, as investors offloaded US assets and sought safety in haven currencies. Despite renewed sell-offs on Wall Street, European stock markets are poised to open higher.

The euro surged to a three-year high against the US dollar amid tariff-driven market volatility, as investors offloaded US assets and sought safety in haven currencies. Despite renewed sell-offs on Wall Street, European stock markets are poised to open higher.

Archived version: https://archive.is/newest/https://www.euronews.com/business/2025/04/11/euro-soars-to-3-year-high-as-investors-flee-us-assets-over-tariff-woes

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  • MudMan@fedia.io
    16·
    8 days ago

    I think we either need to revisit what “3-year high” or what “unprecedented” means.

    • ikt@aussie.zoneEnglish
      9·
      8 days ago

      while the Euro going up isn’t that amazing, the US has been seen as a safe haven for a while, that is changing which is actually quite unprecedented (to me at least), I’m not old enough to remember where did people put their money as a place of last resort before US Treasuries?

      In contrast, US government bonds, traditionally seen as safe assets, resumed sell-offs on Thursday. Yields on the 10-year and 30-year Treasuries rose by 11 and 21 basis points, respectively. As bond prices fall, yields rise, reflecting the cost of government borrowing. The pronounced sell-off in long-dated US Treasuries since the start of the week suggests that investors are demanding higher risk premiums amid a deteriorating outlook for the US economy.

      • MudMan@fedia.io
        11·
        8 days ago

        Well, yeah, but the news isn’t about the dollar losing its reserve currency status, it’s about it dropping against the euro. Sure, it may be a bellwether of the deeper, actually unprecedented change coming up, but, you know, three-year high means what it means.