empty
 
 
Macron sees no alternative to US dollar
20-11-2018 12:43
Macron sees no alternative to US dollar
Macron sees no alternative to US dollar

Until recently, several countries considered to abandon the US dollar, including Venezuela, Russia and Iran. Lately, the European Union joined the band.

President of the European Commission Jean-Claude Juncker said “it is absurd that Europe pays for 80 percent of its energy import bill - worth 300 billion euros a year - in US dollars when only roughly 2 percent of our energy imports come from the United States. It is absurd, ridiculous, that European companies buy European planes in dollars instead of euro. All this must change.”

Nevertheless, experts claim that it is complicated to replace the dollar even with such a good option as the euro.

French President Emmanuel Macron commented on this question.

“I think today euro is not clear alternative to the dollar. Why? Because de facto there is an international extra territoriality of the dollar due to its strength. And until now we fail to make euro as strong as the dollar. We made a great job during the past years. But it's not yet sufficient. We are too much dependent, our corporates are too much dependent, which is an issue,” Macron said.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback