It is impressive that we, during a time of uncertainty, where we normally would see a clear strengthening of the dollar, the opposite has happened, the euro has strengthened against the dollar, says Lagarde.
It is contradictory, but motivated by the uncertainty and the loss of confidence that we have seen in American politics in certain parts of the financial market, she continues.
The ECB chief says that this should be viewed as an opportunity, rather than as a threat.
When we see how the legal system and trade rules in the USA are being questioned, with an uncertainty that is permanent and repeated daily, then it is right that Europe is perceived as stable, both economically and politically, with a strong currency and an independent central bank.
Lagarde is not the first within the ECB to speak positively about the euro in recent times. Similar tones have been heard from, among others, the ECB's vice chief Luis de Guindos and the executive board member Isabel Schnabel.
In an earlier interview on Saturday, Schnabel said that "we now have a historic opportunity to further strengthen its international position".
