Dollar crisis deepens as euro climbs, trust collapses and markets reel

The euro has surged to a three-year high against the dollar, reaching $1.138, as market confidence in the US currency deteriorates. The move follows a sequence of trade policy shocks from President Donald Trump that have rattled investors and prompted a shift towards non-dollar assets.

Nigel Green, CEO of deVere Group, described the situation as a “major inflection point”. He warned that the traditional foundations of dollar dominance—stability, open trade, and responsible leadership—are now in question.