Europe considers promoting euro stablecoins to counter the dollar’s dominance, after a former ECB official warned that embracing digital currencies is essential to preserve the EU’s financial clout in global markets.
The euro and European stocks gained momentum as traders reacted to developments in Ukraine, boosting market sentiment. Investors are closely monitoring geopolitical tensions while balancing economic indicators, reflecting cautious optimism in the global markets.
The euro strengthened, reflecting investor optimism following the conservative victory in Germany’s election. Meanwhile, Asian stock futures exhibited volatility, as markets reacted to potential shifts in Europe’s fiscal policy and economic outlook.
BRICS countries have reduced US Dollar and Euro transactions to less than 30%, signaling a shift in global currency preferences.