Mars Finance News, on May 30, ING Group's chief economist Bloom noted in a report that the US dollar is gradually losing its safe-haven status, which brings opportunities for the Eurozone. The EU now has a unique opportunity to leverage investors' doubts and promote the euro as a reserve currency, a move that would bring significant economic benefits. She stated that increased demand for the euro means lower borrowing costs for governments, businesses, and homeowners in the Eurozone. Positioning the euro as an alternative safe-haven currency could also bring stability during economic downturns. Bloom emphasized that if the EU wants to take advantage of the US weakness, it needs to act quickly and design an acceptable framework for issuing Eurozone bonds. (Jin Shi)
Analysis: The dollar is losing its safe-haven status, which will bring opportunities to the eurozone
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