The European single currency is gaining ground and Trump's trade policies could accentuate the trend, analysts say.

At an economic forum in France, European Central Bank officials discussed the appreciation of the euro, which is becoming a stable alternative to the US dollar amid protectionist US trade policies. Yannis Stournaras, the governor of Greece's central bank, emphasized that US tariffs and fiscal instability are affecting the dollar's exchange rate. Analysts note that the euro enjoys a positive perception thanks to stable institutions in Europe.