It took place on Thursday at a central hotel in Athens, an event on “Foreign Solutions Analysis and financial solutions for your business”, organized by the EBURY International Payment Company.

During the event, current trends in currency markets and the most important risk factors for the euro and the dollar were analyzed.

At the event, Ebury, Andreas Plakotakis (General Manager of Greece) and Dealers Christos Soulis and Christos Fotinos, spoke on behalf of Ebury, while Kees Verman (Managing Director of Ebury in Europe, United Kingdom, Switzerland and Canada) addressed.

Current trends of currency markets

Mr Plakotakis pointed out that we are experiencing an unprecedented situation worldwide, where events in the Middle East, inflation and duties are leading the way.

The dollar fell a sharp drop of 15% in a quarter, mainly due to Trump duties.

For his part, Mr. Soulis noted that while historically, funds from Europe to the United States are being transferred, today we are seeing the opposite (chapters leave the US to Europe) which leads to the weakening of the dollar against the euro.

Dollar risk factors

The US economy is going through a crisis, with the dollar receding and US bond yields growing.

The negatives of the American economy also include the huge amount of debt.

However, the US economy does not cease to be strong, and the US dollar remains a safe investment refuge, such as gold, Japanese Yen and the Swiss franc.

Key to dollar course the duties

Mr. Fotinos, referring to the US dollar, noted that there is no clear tendency.

Trump’s tariff policy is a pressure lever to win America in relation to its partners.

It is not excluded that we see the dollar reinforced again. Much will depend on duties negotiations.

For example, Trump’s recent deal on duties with the United Kingdom saw the dollar correct.

The challenges for the euro

There have been major fluctuations in the dollar equality lately, and geopolitical instability is not excluded from reinforcing the position of the dollar as a safe shelter.

Concerning interest rates, the Fed (US Federal Bank) stance was mentioned as opposed to the ECB (European Central Bank) that has begun monetary relaxation.

The challenges for the euro include the war in Ukraine, the rise of the far -right in Europe and the poor growth in the eurozone, and in particular the largest economy of the bloc, Germany.