Declining Dollar Dominance: Potential Euro Gains (socialeurope.eu)

• Trump's policies undermine dollar credibility.
• Euro cannot rise without EU-wide debt.
• Safe asset markets in euro area are insufficient.

"Without large-scale joint debt and deeper safe-asset markets, the euro cannot capitalise on Trump's assault on dollar credibility. The article argues that structural shortcomings in the euro area prevent it from becoming a true alternative to the dollar."