Published by Global Banking & Finance Review®
Posted on February 6, 2026
1 min readLast updated: February 6, 2026
Add as preferred source on GoogleECB's Martin Kocher attributes the euro's strength to the dollar's weakness, suggesting possible political motivations. Europe is now seen as a safer investment haven.
VIENNA, Feb 6 (Reuters) - The euro's current strength against the dollar is mainly due to weakness of the U.S. currency that may be what Washington wants, European Central Bank policymaker Martin Kocher said on Friday.
"We do not currently see a strength of the euro, because growth in Europe is too weak for that. We see a weakness of the dollar, partially desired, possibly, politically desired," Kocher told reporters, adding that Europe is also seen as more of a safe haven than a year or two ago.
(Reporting by Francois Murphy; Editing by Alex Richardson)
Foreign currency refers to money that is used in a country other than one's own. It is often traded in the foreign exchange market.
Monetary policy is the process by which a central bank manages the money supply and interest rates to influence economic activity.
Financial markets are platforms where buyers and sellers engage in trading financial assets like stocks, bonds, and currencies.
Currency hedging is a financial strategy used to reduce the risk of adverse price movements in foreign exchange rates.
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