Euro is gaining traction as a dollar alternative, with early signs of increased use by bond issuers and investors. Europe must implement reforms to support the euro’s global role. Key findings include steady global FX reserves, stagnant SWIFT payments, and emerging markets selling bonds in euros.

Despite the dollar’s dominance, uncertainty under Trump has raised questions. Euro could benefit as sentiment shifts towards U.S. markets. ING emphasizes the need for European policymakers to attract global capital to euro-denominated assets. Lagarde and Draghi must convince governments to think boldly for the euro to succeed.

Lagarde and Draghi have highlighted the potential for the euro to become a global player with stronger financial and security systems. Foreign investors have shown support for the euro, buying billions in euro debt and stocks. Euro zone government bonds are mostly foreign-held, helping to stabilize yields.

Read more at Yahoo Finance: Early signs emerging of euro’s beefed-up global status, ING says