The precious metal broke through $5200, the euro jumped to its highest against the dollar in nearly five years

Gold and the euro soared after Trump's words that the dollar is "doing great" 

Next week, the European Council will revisit discussions on how it should use frozen Russian assets to support Ukraine. The topic jeopardizes confidence in the euro, economists warn. But Sergey Romanchuk, a financier and member of ACI's Foreign Exchange Committee, believes that the market is not taking this threat seriously yet. There are four reasons for this.

Protecting the euro: what happens if the EU uses frozen Russian assets

TotalEnergies SE

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne

Sanofi

French banking conglomerate BNP Paribas is hoping for good entry points into European equities  

Goldman and Citi expect the rally in European equities to continue despite the crisis in France

Long-term European investors are looking for ways to protect their assets from dollar volatility, analysts say

'This risk cannot be underestimated': Morgan Stanley warns of euro rise to $1.3

British government bonds and the pound on the morning of July 3 were recovering losses after a sell-off the previous day. Investors were alarmed by the threat of a possible resignation of the finance minister, who was seen in tears in Parliament, and the arrival of a new, more compromising official willing to increase borrowing. The market reaction led the prime minister to say he had no plans to change the head of the Treasury. However, economists now warn that the government will face difficulties in budget planning and may be forced to raise taxes;

UK bonds and pound rebound after collapse due to finance minister's tears

The euro <a href="https://www.bloomberg.com/news/articles/2025-07-01/ecb-s-guindos-says-euro-gain-beyond-1-20-would-be-complicated?srnd=homepage-europe">rose</a> nearly 14% against the dollar this year, largely due to the policies of President Donald Trump's administration. The U.S. president's actions have caused investors to question the irreplaceability and steadfastness of the U.S. currency. Sergey Romanchuk, a financier and member of ACI's Foreign Exchange Committee, discusses whether the euro will be able to displace the dollar on the pedestal of reserve currency No. 1.

A historic moment for the euro: can it displace the dollar?

Investors seek alternatives to US stocks amid duties and political risks

EUR Rate