Dollar Weakens Globally as Euro Hits Four-Year High Amid Trade Uncertainty

The US dollar has weakened against major currencies like the euro and yen amid ongoing uncertainties caused by President Trump's tariff policies, prompting investors to seek alternatives such as the euro. The euro has reached a four-year high near $1.18, reflecting both confidence in the currency and a shift away from the dollar, with ECB President Christine Lagarde noting this as an opportunity for the euro to increase its global influence. However, the euro's strength poses challenges for the eurozone, as it raises export costs, threatens fragile economic growth, and could lead to persistently low inflation. In Ukraine, the hryvnia has shown relative stability against the dollar but depreciation against the euro, with the National Bank adjusting official exchange rates accordingly and significant interbank trading volumes reflecting changing market dynamics. Overall, the dollar's decline and the euro's rise underscore shifting global economic conditions driven by US trade policies and their ripple effects on currency markets worldwide.