Core Viewpoint - The European Central Bank official Demarco stated that the euro will not replace the US dollar as the dominant reserve currency [1] Group 1 - The euro's position as a reserve currency is not expected to surpass that of the US dollar [1] - Demarco's comments reflect ongoing discussions about the future of global currencies and their roles in international finance [1]

Core Viewpoint - European Central Bank officials, including Demarco, suggest maintaining interest rates unchanged this month, indicating a cautious approach to monetary policy [1] Group 1 - The appreciation of the euro is seen as beneficial in curbing inflation [1] - The current level of the euro is not considered alarming [1] - There is a need to monitor the pace of euro appreciation [1] Group 2 - The euro is not expected to replace the dollar's status as the world's reserve currency [1]