美元地位动摇，欧元能成为新金融锚吗？

Core Viewpoint - The article discusses the imminent rise of the Euro as a global currency, contrasting it with the declining dominance of the US dollar, largely attributed to the erratic policies of former President Trump [1][3][6]. Group 1: Euro's Rise - The Euro has reached a near eight-year high against the US dollar, surpassing the 1.14 mark, with a cumulative increase of over 9% [1]. - The Eurozone is experiencing a strategic opportunity as the dollar's credibility diminishes, allowing the Euro to potentially take on a more significant role in the global financial system [6][8]. - The European Free Trade Association has signed 31 agreements covering 75 countries, with an annual trade volume exceeding 2 trillion Euros, establishing the Euro as a stable currency for trade [6]. Group 2: Dollar's Decline - The US dollar index has dropped by 9% since January 20, marking the worst performance for a new president in the first hundred days since 1973 [3]. - The US national debt has surged from $27.7 trillion in 2020 to $36 trillion, with annual interest payments exceeding $1 trillion, consuming nearly one-fifth of federal revenue [4]. - Trump's political interference with the Federal Reserve has undermined the dollar's institutional credibility, leading to a loss of its status as a global safe-haven asset [3][4]. Group 3: Global Shift in Currency Preferences - International capital flows are increasingly favoring the Euro, with European equity funds seeing a net inflow of $34.7 billion in the first quarter of 2025, compared to $19.8 billion for the US [8]. - The share of the dollar in global reserves has decreased from over 70% to 58%, while the Euro, Chinese Yuan, and gold are emerging as key alternatives [8]. - Countries like Russia, Iran, China, and Saudi Arabia are accelerating efforts to establish non-dollar payment systems, indicating a historical peak in the desire to "de-dollarize" the global economy [8].