Are we entering the Euro’s golden age?

The world is witnessing a powerful reordering of global currencies, with the euro stepping into its most decisive moment yet, says Nigel Green, CEO of global financial giant deVere Group.

“Investors should be paying very close attention: we are entering what could be the euro’s golden era,” he says.

“For the first time in its history, the euro has a serious shot at significantly closing the gap with the US dollar in global dominance.”

The shift comes as confidence in the US dollar’s unrivalled position softens amid a backdrop of mounting trade protectionism, escalating geopolitical blocs, and growing demand for monetary diversification.

“Today, the euro accounts for 20% of global foreign exchange reserves—up sharply from its early years—and nearly 40% of global trade invoicing, despite representing a smaller portion of global GDP.

“This is telling,” Nigel Green adds. “It’s not just Europe using the euro. It’s the world voting with its capital.”

The trajectory wasn’t always upwards. In the aftermath of the eurozone crisis, investor confidence wavered. Fragmented markets, weak growth, and political disunity kept the currency on the back foot for much of the past two decades.

“But this is not the same Europe. The political resolve to integrate is stronger. Defence, energy, and digital sovereignty are rising to the top of the EU agenda. These are currency-defining shifts,” says the deVere CEO.

Unlike reserve dominance based purely on legacy or inertia, the euro’s ascent is increasingly underpinned by trade strength, legal stability, and monetary credibility. The EU is now the largest trading partner for 72 countries—compared to the US’s 44—and that trade weight is being felt in currency preference.

Despite having a stronger overall fiscal position than the US—with a lower debt-to-GDP ratio of 89% versus 124%—Europe has lagged in providing the high-quality, liquid sovereign assets that investors demand.

“This is where the next leap will come from,” notes Nigel Green. “If Europe can accelerate joint financing of public goods—defence, green tech, digital infrastructure—it will increase the supply of safe euro-denominated assets and challenge the dollar where it matters most: reserves and risk pricing.”

Capital markets union, regulatory streamlining, and pan-European investment vehicles will also be key to unlocking the euro’s full potential.

Investors are already responding. Central banks have been diversifying steadily over the past five years, trimming dollar allocations and adding more gold and more euros.

“We’re seeing clients increasingly diversify into euro assets—not just bonds, but also currency holdings and euro-linked investment strategies,” Nigel Green reports.

“This is a strategic response to a multipolar currency world.”

Still, the deVere CEO warns against complacency or single-currency exposure.

“This is not about the dollar collapsing. It’s about a more competitive, more plural currency system. Investors must position accordingly, by seeking professional advice and diversifying intelligently across major and emerging currencies.”

Currency regimes do not last forever. The pound sterling once ruled. Then came the dollar. The euro now stands at the threshold of greater global influence.

“The euro has momentum, institutional backing, and renewed geopolitical relevance. But time and global flows wait for no one,” concludes Nigel Green. “Now is the time to review currency exposures.”