The euro is close to a record high against the dollar in the trade war.

The euro has risen to its highest exchange rate against the dollar in three years – more than 4 percent in two trading days. It is the strongest two-day increase for the euro since 2009.

» Published: April 11 2025

The euro is close to a record high against the dollar in the trade war.
Photo: Michael Probst AP/TT

And among hedge funds that speculate on the currency market, there are increasingly many who see it as likely that it will continue to rise for the euro, from today's approximately 1.14 dollars per euro to 1.20-1.25 dollars per euro in the futures contract where one positions oneself at the end of 2025.

The dollar has also lost significantly in value against other world currencies - such as the Swiss franc and Japanese yen. They are currently seen as safer havens in the turmoil that is shaking the market since President Donald Trump's tariff shock on April 2.

Among the winners on the currency market this year is also the Swedish krona, which has risen to a rate of 9.77 kronor per dollar in Friday's trading from levels around 11.25 kronor per dollar before Donald Trump's inauguration in January.

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By TTTranslated and adapted by Sweden Herald
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