The governor of the central bank of Austria, Kocher, emphasizes the appreciation of the euro against the dollar and the growing global interest in the euro as a safe-haven currency.

In an interview for Reuters, the governor of the central bank of Austria, Kocher, highlighted the increasingly important role of the euro on the international stage, mentioning a 14% appreciation against the dollar in the last year. This increase is attributed to a decline in confidence in the USA due to unpredictable trade policies and an increase in confidence in Europe, in the context of rising defense and infrastructure spending. Although the dollar remains dominant, with over half of global currency reserves, its share has been steadily decreasing, which could favor the euro, which has a market share of approximately 20%. Kocher emphasized that, although it is not a declared objective, Europe could be forced to play a larger role for the euro internationally and that the community bloc must be prepared for this change. Regarding monetary policy, he supported the current approach of the European Central Bank, considering the risks balanced regarding inflation and the economic outlook.